Common Estate Planning Mistakes and How to Avoid Them (Completed)

This course will address the mistakes that clients typically make – and that planners sometimes ignore or fail to consider. It will offer solutions and suggestions on the best ways to avoid these mistakes.

Who Should Attend
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Topics Covered

• Failure to Plan
• Outdated Planning
• Has Portability Been Addressed?
• Handling Collectibles and Tangible Assets
• Is there Awareness of Generation-Skipping Issues?
• Mistakes made with life insurance policy and retirement plan beneficiaries
• Insufficient Consideration to the choice of fiduciaries
• Not properly understanding how trusts work
• Cautions about how charitable giving should be designed and presented

Learning Objectives

• Recognize the complexity of planning issues and why clients need to address them
• Identify and apply specific suggestions about how to improve retirement plan and life insurance beneficiary designations
• Describe protective arrangements for client assets
• Differentiate types of trusts and how they should be considered
• Recognize how to become an effective advisor for clients and their tax and estate planning needs

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None