The transfer of property after death is often delayed or even derailed by a lack of careful estate planning. Money and time are wasted due to recordkeeping and paperwork issues. This course will cover essential estate-related planning to avoid these issues and transfer property efficiently. In addition, this course also focuses on the Biden administration’s proposal to lower the transfer tax exemption amount to $5 million, opening up many additional estates to the tax.
BENEFITS
- Advise clients as to how to avoid needless cost and delay with effective estate-planning strategies
- Understand the Biden administration's estate tax proposals and their effects, if enacted
HIGHLIGHTS
- Common trust vehicles used to safeguard assets from young or incompetent beneficiaries
- Preparing a valid will that fulfills the testamentary expectations of the decedent
- Consequences of intestacy
- Transfer of IRAs and retirement plans
- Methods of transferring property outside of a will
- Biden estate tax proposals and minimizing transfer tax liability if the transfer tax exemption is reduced
- Ways to transfer jointly owned marital property to the surviving spouse
- Probate generally and for property held outside the state of residence at death
PREREQUISITES
None