Many clients have questions about how to avoid probate, which save families significant costs if it is done appropriately. Beneficiary designations and joint tenancy can be used to avoid probate in some circumstances, but there can also be significant tax consequences and additional costs if not handled correctly. We will cover an in depth review of how these tools should be used for your clients.
The rich and famous may (or may not) own more than everyday citizens, but that doesn’t mean they’re immune from the pitfalls of poor estate planning – or disregarding estate planning needs altogether. Far from it! This session will explore errors and omissions made in the estates of several well-known celebrities and public figures, and lessons that the everyday family can take away from such tragedies.
Join us as we discuss some basics of estate planning in a fun way! We will review the different types of fiduciaries and their roles, the different types of non-probate transfers and transfers by operation of law, and touch briefly on trusts and estate tax current exemption amounts. We will also review how an estate is distributed to heirs through an intestate probate proceeding and the process of conservatorship for those who haven’t done incapacity planning. Lastly, we will discuss powers of attorney and living wills.
Our seminars will be held on-line via Zoom. *You must register in advance to attend.*
Beth Mitchell will discuss how Charitable Remainder Trusts can be used as part of a client’s estate plan to defer gain on the sale of appreciated property, provide future benefits to a charity, and give income tax savings from charitable contribution deductions.
When you signed your estate plan, you entrusted several people with important jobs. In this seminar, we will talk about what it means to be a personal representative, a trustee, or an agent under a power of attorney. We will provide information about these roles, so please invite to the webinar the people you named in your estate plan. This webinar will give them the tools they need when it is time to put the documents within your estate plan into action.
Our seminars will be held on-line via Zoom. *You must register in advance to attend.*
Sometimes a poorly drafted estate planning document is worse than no document at all. Erica Johnson will show you real examples of clauses from wills, trusts and powers of attorney that were poorly drafted. Often documents downloaded from the internet or created from a software program have conflicts and/or errors that the untrained eye won’t even see. Erica will discuss the real life implications of having poorly drafted estate planning documents both during incapacity and when someone passes away.
This new statute gives us the ability to modify trusts which have become irrevocable. This gives life insurance agents and certified financial planners additional flexibility when they are assisting their client who have irrevocable trusts.