Preserving Your Legacy: Estate Planning & Wealth Transfer

Preserving Your Legacy: Estate Planning & Wealth Transfer

$10.00 + your state filing fee
5 Credit Hours

This course favors L&H insurance agents but is applied as general credit for all agents.

COURSE DIFFICULTY

Basic
This course covers the following topics:
  • Review the benefits of estate planning in transferring wealth from one generation to another
  • Discuss the process of wealth transfer
  • Look closely at taxes involving in structured giving

Summary

Each of us has things of value that accumulate over our lifetime. These may be highly valued items such as homes or other real property, stock interests and company ownership, or more personal items like family heirlooms, jewelry or artwork. Beyond these tangible are the intangible ones – like our children and pets. It is critically important to have proper estate plans in place. Without one, there could be long-lasting impacts on the ones you love. With a carefully crafted estate plan, your assets and loved ones will be well protected after your death. The purpose of this course is to review benefits of estate planning in transferring wealth from one generation to another. The course covers topics ranging from the process of wealth transfer to the taxes involving in structured giving.

Outline

1. Introduction

  • 1.1 Purpose of Course
  • 1.2 What is an Estate?
  • 1.3 Components of an Estate
  • 1.4 Property Owner Responsibility
  • 1.5 Parts for Estate Success
  • 1.6 Objections to Estate Planning
  • 1.7 Summary
  • Affidavit of Personal Responsibility
  • Chapter 1 Quiz

2. The Process

  • 2.1 Implementing Components Properly
  • 2.2 The Six Steps of Setting up an Estate Plan
  • 2.3 Who Are the Prospects for Estate Planning?
  • 2.4 Who Needs an Estate Plan?
  • 2.5 Estate Planning: A Dynamic Process
  • 2.6 Summary
  • Chapter 2 Quiz

3. The Legacy Process

  • 3.1 A Valid Will vs. Dying Intestate
  • 3.2 What Is Probate?
  • 3.3 What Does an Estate Look Like?
  • 3.4 Summary
  • Chapter 3 Quiz

4. Taxes and the Estate

  • 4.1 Federal Estate Tax
  • 4.2 State Inheritance Tax
  • 4.3 Federal Tax Laws Regarding Gifts
  • 4.4 Charitable Giving and Estate Planning
  • 4.5 Estates Need Liquidity to Meet Costs & Taxes
  • 4.6 Summary
  • Chapter 4 Quiz

5. Trusts

  • 5.1 Overview
  • 5.2 Types of Trusts
  • 5.3 What Trusts Can Do?
  • 5.4 How Is A Trust Created?
  • 5.5 Summary
  • Chapter 5 Quiz

6. Businesses & Estate Planning

  • 6.1 Why is Estate Planning Critical for Business Owners?
  • 6.10 Summary
  • 6.2 What Happens to the Business After Death?
  • 6.3 The Buy-Sell Agreement
  • 6.4 The “After Life” of the Family Corporation
  • 6.5 Case Study A
  • 6.6 Case Study B
  • 6.7 S.303 Stock Redemption
  • 6.8 Case Study C
  • 6.9 Special Situation of the Professional Corporation
  • Chapter 6 Quiz

7. Conclusion

  • 7.1 Should an Agent Consider Estate Planning?
  • 7.2 In Conclusion

Exam

  • Final Exam

FAQ

Q: What should I expect from this online course?

A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

Q: Can I print my online course materials and test questions?

A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.

Q: How long does it take to complete an online course?

A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.

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