There is a widespread misconception that
"estate planning” is of importance only to the wealthy. This is due, in part, to the emphasis of the
financial service industry on planning for estate taxes, which only concern
larger estate owners. The truth of the
matter is, every person, young or old, who has a family or owns property, needs
an estate plan. A good estate plan will
allow a person to reach desired economic, legal, and personal objectives.
Estate Planning is an educational tool to help financial advisors through the
maze of programs, rules and regulations that affect many if not all of their
clients, their spouses and dependents.
The course is broken down into four sections.
The first section will cover the basics, i.e. why planning is essential, and
the fundamental elements; Property; Probate; Wills; as well as planning for
Incapacitation. The second section continues by discussing estate taxation and
analysis. The third section will review trust planning; introducing the various
trusts available. Section four focuses
on advanced strategies: GRATS, IDGTs,
FLPs, Assets, U.S. Citizens, Resident Aliens, and Charitable Giving.