The next decade will see $30 trillion of accumulated wealth transferred from one generation of Americans to the next. That’s the largest such change in recorded history. Your older clients desperately need your help with problems they don’t even know they have. This program prepares you to talk with your clients about qualified plan and IRA distributions, Social Security, Medicare, Medicaid, working with any current changes to estate taxation, and effective use of trusts in wealth transfer planning.
DESIGNED FOR
Practitioners whose client base is aging and who need assistance in counseling for retirement and wealth transfer.
BENEFITS
- Determine cash flow needs during retirement
- Establish accumulation goals
- Explain the value and purpose of revocable living trust arrangements
- Explain Medicaid Trusts, Durable Powers of Attorney and Living Wills
- Advise on maximization of Social Security, Medicare Supplement and Prescription Drug plans
- Use common planning tools to maximize IRA benefits
- Advise on tax free wealth transfer planning opportunities
HIGHLIGHTS
- Social Security benefits
- Medicare coverage and limitations
- Medicaid eligibility
- Revocable living trusts
- Charitable split-interest trusts
- Ownership of life insurance policies and planning opportunities using existing policies
- Living wills and durable powers of attorney
- Taxation of pension distributions
- Long-term care insurance
- Estate and gift planning taking into account changes in the lifetime exclusion under the Tax Cuts and Jobs Act
COURSE LEVEL
Intermediate
PREREQUISITES
None
ADVANCE PREPARATION
None
ADDITIONAL NOTES
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your
My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received - remember to check back for updates.