Estate & Financial Planning Update (Currently Unavailable)

In order to best serve our clients, every professional should have an understanding of basic estate planning techniques and fundamental financial planning methods. This overview will provide practitioners with the information necessary to listen to clients, identify necessary planning opportunities, and engaging in meaningful conversation on the topics of estate and financial planning.

Who Should Attend
Attorneys, CPAs, Enrolled Agents

Topics Covered

• The Importance of Powers of Attorney
• Wills vs. Trusts
• Powers of Appointment for Trust Beneficiaries
• IRA Required Distribution Rules During Life and at Death
• Taxation of Life Insurance
• Importance of I.R.C. § 1014

Learning Objectives

• Describe the difference and importance between powers of attorney, wills, and trusts
• Recognize how to analyze the potential tax impacts related to IRA withdrawals by the owner and beneficiaries
• Recognize how to compare the taxation of life insurance with other client assets
• Identify the benefits of tax basis adjustments occurring at death

Level
Update

Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
Basic understanding of estate & financial planning.

Advance Preparation
None