Newly updated! This course uses the lives of the rich and famous as a template to better understand the realm of estate planning. Did you know that Prince died without a will, and that over 45 people have claimed to be his beneficiaries? Or that Michael Jackson was not careful in properly funding his trust? In discussing these familiar names, plus others including Jackie Kennedy, Joan Rivers, Jimi Hendrix, James Gandolfini, and Leona Helmsley, the course examines the pitfalls and best practices surrounding famous estates.
DESIGNED FOR
CPAs who advise clients on establishing an estate plan
BENEFITS
- Understand the differences between a Power of Attorney, guardianship, and a will
- Understand the factors to consider in choosing an executor
- Understand why everyone should have a will
- Understand why a trust can be a powerful tool in administering the estate
- Understand how to care for a pet after death
- Review good practices in regards to estate claims and insurance
HIGHLIGHTS
- Overview of estate planning
- The dangers of a Power of Attorney
- The most important aspect of a will
- Role, scope, rights, and responsibilities of an executor
- Benefits of incorporating a trust
- Bequests
- Caring for a pet
- Claims against the estate
- Insurance
- Consequences of poor estate planning
COURSE LEVEL
Basic
PREREQUISITES
None
ADVANCE PREPARATION
None