This comprehensive course on estate planning is designed to provide finance professionals with an in-depth understanding of essential estate planning strategies, applicable to clients across various wealth spectrums. It covers the basics, including understanding key documents like wills and trusts, and more advanced topics such as the implications of portability in estate tax. The course also addresses fundamental concepts like probate avoidance, fitting estate planning using trusts, and selecting deductions for transfers at death. By exploring these topics, participants will gain a nuanced understanding of estate planning, enabling them to offer well-rounded advice to their clients. This course is more than just a theoretical exploration; it equips you with practical skills and up-to-date knowledge, enhancing your ability to guide clients through the intricacies of estate planning effectively.
Learning Objectives
Upon completing this course, participants will be able to:
Recognize basic estate planning documents and their use.
Understand portability and when it should be elected
Identify basis concepts such as probate avoidance and estate planning using fits
Select appropriate deductions for transfers at death to a surviving spouse or charity
Major Topics
Revocable Trust
Estate Planning with Gifts
Portability
Adequate Disclosure
DAF vs. Private Foundation
ILIT Issues
Taxation of Annuities
