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Elder Care Planning in 2020: The CPA as a Key Figure

  • AFSP
  • CPA (US)
  • EA
  • Tax Preparer
  • CPA/PFS
  • TEP
  • CTEC
  • CSA
Elder Care Planning in 2020: The CPA as a Key Figure

1 Credit

FREE

Subject Area

Taxes

Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00250-20-O)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0258)

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00250-20-O)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00250-20-O)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

Course Description

Elder planning sometimes conjures images of complicated health and housing issues, and it presents a critical opportunity for you, as a CPA, to serve the best interest of your clients. Accountants are typically on the “front-lines” of their clients’ financial and tax planning and thus it is critical that these professionals understand the various elder care objectives of their clients. The bigger questions are: What happens if you live and get sick? What happens if you have increased health care costs and need to rely on others for assistance for an extended period before you pass away? While advances in medical science have extend­ed our lives, many seniors need years of long-term care.

Highlights of the webinar : 

  • The Five Critical Planning Documents
  • Trusts
  • Revocable Living Trusts
  • Supplemental Needs Trusts
  • Power of Attorney
  • Statutory Gifts Rider
  • Health Care Proxy
  • Living Will
Elizabeth Forspan, Esq. of Forspan Klear LLP, will discuss the CPA and Accountant’s key role in their clients’ elder care planning. The CPE webinar will include a discussion on planning for clients’ incapacity, high-level estate planning and Medicaid planning.

Learning Objectives

  • To identify where a CPA/Accountant can work together with a client’s attorney to address estate and elder care planning needs
  • To identify areas where the CPA/Accountant can enhance their own practices and client relationships by focusing on long term care planning for their clients
  • To recall the key roles of the elder care planning team

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeeper
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Entrepreneurial Accountant
  • Senior Accountant
  • Staff of Accounting Firm
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Pros
  • Young CPA

Testimonial

4.6

(689)
66%
29%
4%
1%
0%

LCD

The webinar was very interactive with a lot of information. She was great with the presentation of the content. I took every information and understanding about the agent's role in the healthcare proxy

PZ

The information covered regarding trusts and their tax implication was very exhaustive. I loved the detailing in the presentation and flawless experience. Recommendable platform myCPE.

LD

Thank you for your passionate discussion and "anonymous" examples of what NOT to do. Everyone needs to hear this presentation. It is shocking that so many people still do not have their 5 main documents in hand to protect their families!

DF

The knowledge of the presenter was definitely more than expected. Ms. Forspan was not only a benefit for those not in the legal professions, but Ms. Forspan was also able to clarify how it affects the accountants who will or should work with the client to ensure their needs and wishes are met

JHL

Elizabeth presents information in an efficient fashion and in terms that people can understand and create action items from. Very useful information. Even if you think you know this topic - this is a worthwhile learning experience.

DT

The very best estate planning one-hour webinar I have ever attended! I do a fair amount of tax preparation for estate and trust tax returns so I have attended many estate planning seminars and webinars!