Planning for Your Clients’ Incapacity

4.7 (68)

Elizabeth Forspan

FORSPAN KLEAR LLP

Tuesday, November 24, 2020 | 11:00 AM EST

Credits: 1 CPE

FREE

Subject Area

Specialized Knowledge

Upcoming Webinars

excel accountant: filtering data

Jan 18, 2021 | 09:30 AM EST View Details

basis calculations & distributions for pass-thru entity owners schedule k-1 analysis (latest)

(74)

Jan 18, 2021 | 10:00 AM EST View Details

qbo: banking feed and reconciling - make rules & automate

(19)

Jan 18, 2021 | 10:00 AM EST View Details

forensic accounting : value added skill for every accountant

(20)

Jan 18, 2021 | 10:00 AM EST View Details

how to maneuver new irs partnership audits

(4)

Jan 18, 2021 | 10:00 AM EST View Details

schedule c - form 1040 (2020)

(2536)

Jan 18, 2021 | 10:00 AM EST View Details

fraud update - latest 2020

(37)

Jan 18, 2021 | 10:00 AM EST View Details

best overview on individual tax updates 2020 (basic)

(88)

Jan 18, 2021 | 10:00 AM EST View Details

yellow book boot camp - nfp and governmental accounting & auditing update

(3)

Jan 18, 2021 | 10:00 AM EST View Details

corporate budget analysis best practices

(2)

Jan 18, 2021 | 10:30 AM EST View Details

how to strategize your firm’s growth and expand margins in the new world

(302)

Jan 18, 2021 | 10:30 AM EST View Details

passive activity loss limitations: working with the complex pal rules & real estate tax issues.

(44)

Jan 18, 2021 | 08:00 AM PST View Details

annual federal tax update - individuals (form 1040)

(153)

Jan 18, 2021 | 08:00 AM PST View Details

corporate external financial reporting decisions

(33)

Jan 18, 2021 | 08:00 AM PST View Details

corporate accounting & auditing best practices

Jan 18, 2021 | 08:00 AM PST View Details

Additional Dates

Jan 28, 2021 | 02:30 PM EST Register

Course Description

Incapacity, simply put, is the inability to make decisions for oneself. Incapacity can occur due to an injury (such as a car accident) or a health condition. “Planning for incapacity” refers to meeting with an attorney and preparing the legal documents which would be needed in the event an accident or illness left you without the ability to pay your bills, manage your finances or attend to other business and personal matters.

CPAs and Tax practitioners not only play a key role in the financial management but also at the planning after retirement. Especially in heritance and incapacitation planning is another key role that clients take help from qualified accountants and tax practitioners. It has been a glorified area of business practice that established practitioners look to target. This webinar covers a bird’s eye-view of the subject covering key aspects such as:

  • Medicaid / Eldercare
  • Estate Tax Planning
  • Power of Attorney, 
  • Health Care Proxy/Health Directive and 
  • Living Will
  • Planning and management of documents and execution

In this webinar, Elizabeth Forspan, Esq. will discuss the accountants, CPAs, and tax & legal practitioners’ key role in assisting their clients with planning for incapacity.

Learning Objectives

  • To know various incapacitation situation and importance of planning for it
  • To recognize the risks of failing to plan for the incapacitation
  • To understand the critical importance of a power of attorney
  • To learn the importance of a gifting authority in the power of attorney
  • To identify the importance of appointing someone to make health care decisions for your client in the event of incapacity

Who Should Attend?

  • Finance Pros
  • Accountant
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Accounting Firm
  • CPA (Industry)
  • Young CPA
  • Entrepreneurial CPA
  • Tax Accountant (Industry)
  • Senior Accountant
  • Legal Professionals
  • Chief Accounting Officer
  • Entrepreneurial Accountant
  • Accounting Managers
  • Staff of Accounting Firm

Testimonial

4.7

(68)
71%
29%
0%
0%
0%

MV

I am dealing with my elderly mother's affairs so this was very helpful. Thank you.

PK

n/a