Pre/Post-mortem Income, Estate Planning for the Terminally Ill 2024

Overview

Your client just informed you of their terminal illness. What do you do from a tax, financial, insurance, investment, retirement, and estate planning point of view? Decisions you make before death lay the groundwork for planning choices after death. Randy Gardner discusses the strategies that will prepare you for the best post-mortem outcomes and help you put your client’s mind at ease.

Highlights

• Getting your clients' affairs in order-asset ownership, avoiding probate, and beneficiary designations
• Coordinating the planning for gift, generation-skipping, estate, and income taxes using disclaimers and portability, QTIP, and QDOT elections
• Investment assets-which ones to sell and which ones to hold
• Retirement assets and tax bracket management

Prerequisites

None

Designed For

CPAs, attorneys, bankers, financial professionals, insurance professionals, enrolled agents and professional staff.

Objectives

• Determine how to help the client's family through the maze of decisions during this difficult transition
• Recognize the opportunities and mistakes that frequently occur during the client's final days
• Identify the wealth creation and preservation techniques best suited for your client's situation

Preparation

None

Notice

This course is provided by a third-party vendor. Please note that login instructions will not be available in the ‘My Upcoming CPE’ section of the NESCPA website. Instead, the login instructions will be sent directly to you via email by the California Education Foundation (CalCPA). Upon completing the course, your hours will be recorded in the ‘My CPE Tracker’ section of the NESCPA website.