Word on the Street: Postmortem Planning to Fix Missed Opportunities

WHAT WE’LL COVER

Estate "planning" usually involves proactively putting one's affairs in order during one's lifetime. Sometimes, however, and for various reasons - whether neglect or lack of time to make proper arrangements - a person dies without having created an appropriate estate plan.

All may not be lost, even in these situations. Estate planning also includes postmortem planning, which, as the name suggests, can be done after a person dies. There are various techniques available to help fix missed planning opportunities, or bad planning. The most common of these is to have the spouse (or other family members) disclaim an interest that would otherwise pass to them from the decedent's estate. Funding discretionary trusts, including QTIP trusts, is another method.

This webinar will discuss the various postmortem planning techniques available, how they work, and the situations in which they could be beneficial.

Practitioners will learn:

About situations in which a certain estate plan may have been dictated, but either no planning, or bad planning, was done instead.
What a disclaimer is.
The requirements for a disclaimer to be considered valid.
Instances in which a disclaimer should be used and how it could result in a more beneficial result than not disclaiming assets.
How funding discretionary trusts could also be an effective postmortem planning technique.

Program Knowledge Level: Intermediate
Delivery Method: Group Internet-Based
Recommended CPE Credit: 1.0 credit
Field of Study: Taxation
Prerequisites: JD
Advance Preparation: None
Review Date: 9/18/2018

1.0 CLE (California Board of Legal Specialization - Estate Planning)
1.0 CFP credit pending (National CFP Board)

For information on refunds, concerns, and program cancellation policies, please contact our offices at 888-659-4069, ext 823 or education@wealthcounsel.com.

WealthCounsel LLC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

This webinar is included for Trusts & Estates and Practice Development Subscribers and provided live complimentary for Business Law Subscribers

Regular Price: $139 | Trusts & Estates Price: $0 | Gun Law Price: $139 | Business Law Price: $0 (Recording not included) | Practice Development Price: $0