Common Estate Planning Mistakes and How to Avoid Them
Author: Steven G. Siegel
| CPE Credit: |
2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC |
Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2026 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
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.
Publication Date: February 2023
Designed For
null
Topics Covered
- Failure to Plan
- An outdated plan
- Portability
- Collectibles and tangible assets
- Life insurance policy
- Retirement plan designations
- Real estate planning
- Executors, trustees, and guardians
- Divorces and pre-marital agreements
- Generation-skipping tax
- Charitable contribution rules
- Business owners
- Grantor trusts
- Minimizing income taxes of trusts
- Other mistakes to avoid
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
- Recognize how to 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
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
