Incapacity and Postmortem Estate Planning

Overview

This CPE course can be purchased individually or as part of the Estate Planning Certificate Program.

Non-citizen spouses, adoption, cohabitation, pets, blended families, and community property are all issues that may affect your clients' financial and estate plans when they are temporarily, intermittently, or permanently incapacitated.

Updated for the Tax Cuts and Jobs Act (TCJA) of 2017, this course will equip you with the knowledge you need to help your clients plan for these possible situations. As the personal financial planner, you must be adept in navigating these and other new and oftentimes unchartered waters to avoid intervention by a court and the appointment of a guardian or conservator, which could be required if not planned for appropriately.

Enhanced On-Demand Format

This enhanced on-demand format offers meaningful and relevant content in the form of tables, charts, and discussion points on slides. An instructor who is an expert on the topical area breaks down complex topics, offers best practices, provides clarity, and shares insights that help the learner achieve the learning objectives for the course.

Highlights

Key Topics

• Incapacity planning
• Guardianship
• Conservatorship
• Postmortem estate planning
• Powers of attorney
• Advanced medical directives
• Trusts
• Other estate planning considerations

Prerequisites

Basic knowledge of the areas of personal financial planning (PFP)

Objectives

Learning Outcomes

• Identify the court-appointed substitute decision maker for an incompetent adult.
• Recall the most critical feature of a special needs trust.
• Identify the person appointed to manage Social Security payments on behalf of an individual.
• Recall the features of a qualified terminable interest property trust.
• Recall the due date for Form 706, "United States Estate (and Generation-Skipping Transfer) Tax Return."
• Identify the latest date by which a disclaimer must be made.
• Recognize the implications of a nonresident, noncitizen spouse of a U.S. citizen.
• Recall the personal financial planning constraints when working with cohabitating partners.