Description
This course provides an in-depth overview of the need for estate planning, why estate planning is important for anyone that owns property or has income, and common objectives of estate planning. In addition, the course will cover the estate planning process, the important players on the estate planning team, and various estate planning tools.
Learning Objectives
When you have completed this course, you will be able to accomplish the following:
- Explain the concept of estate planning and the estate planning process.
- Differentiate between dying testate and intestacy.
- Recognize the primary causes of estate shrinkage and depletion.
- Describe when federal and state estate and gift taxes apply.
- Express the importance of estate liquidity and the role that insurance can play.
- Illustrate the role of trusts and other estate planning techniques.
- Identify the special estate planning issues for business owners.