Introduction to Estate Planning

Learning Objectives

• To identify testate and intestate and why it matters.
• To explain how to utilize your power in estate planning.
• To analyze generational wealth planning and different types of Trusts that can be employed.
• To discuss the power of values in generational wealth planning.
• To finish building your puzzle towards financial empowerment.

Course Description

Despite gains in labor participation over the last few decades, women continue to experience a gender pay gap which impacts the income stream available to save, spend, and invest at rates comparable to men. Retirement and other long-term investment goals suffer, as a result.

Unfortunately, the pandemic has reversed key trends in women-owned businesses and their labor participation rates overall. Studies continue to show that financial literacy is a cornerstone of economic stability and despite gains in other areas of life, women of all ages still report looking to someone else for assistance in understanding and guiding their finances.

In a perfect world, all of us would understand money and how to best make it work toward our goals. Unfortunately, many of us feel uncertain about both the skills and knowledge necessary to reach financial empowerment. This cornerstone of financial empowerment is what the Women and Their Money series is built around, and this session helps participants focus on the ultimate in financial planning: estate planning.

This CE/CPE course by Ilene Slatko reviews those pieces of your long-term financial puzzle that are found in good generational planning.

The estate planning information we discuss here will deepen your understanding of Wills and Trusts and discuss titling, personal property, and other considerations when planning to leave assets to beneficiaries. Using historic families as examples of those who have both successfully and unsuccessfully managed to enrich their future generations, we will discuss concrete steps to take today to begin a successful wealth and values transfer of your own.

Key topics covered in this course:

• What is financial empowerment?
• Types of wills and bequests
• Introduction to Trusts
• The power of your values

This CPE course builds on the groundwork we established in previous Women and Their Money sessions and provides a roadmap for steering your own financial life and impacting and strengthening future generations’ financial health, as well. As in our previous 7 sessions, this program is full of actionable ideas.

Wherever you are in your understanding and mastery of your financial life, this CPE Finance webinar will give you the tools and knowledge to make the choices necessary to have a successful financial future.

You may be interested in our Certification course on Financial Goal-Setting and Decision-MakingCertification for Women (DCW).

Overview

• What is Financial Empowerment?

  5 mins
• Living will

  17 mins
• Bequests

  24 mins
• Common elements of a trust

  30 mins
• Generational wealth planning and values

  42 mins