Leaving a Legacy: How to Pass Assets to The Next Generation

Learning Objectives

• To explain the elements of estate planning.
• To identify, compare and contrast a variety of estate planning methods.
• To analyze the difference between a will and a trust.
• To create an estate plan just after completing the webinar.

Course Description

This course is valid up to December 31st, 2024 for CFP Professionals. It is advisable to complete this course before that to process the credit on time.

This course is valid up to December 31st, 2024 for CIMA, CPWA, and RMA Professionals. It is advisable to complete this course before that to process the credit on time.

Many of us want to help those we love by leaving behind a legacy that will give them the best start in life or allow them to continue living out their lives with confidence and certainty. For some, filling our lives with luxury is a key motivation to make money, but for most of us, helping those we love is also a major motivation.

A certain amount of planning is necessary when transferring assets to the next generation—either during or after your lifetime. The complexity of the plan will vary depending on the potential size of your estate and your family dynamics.

Whether you are just starting to think about your estate plan or are looking to update an existing plan, this course can provide you with the tools and knowledge you need to ensure that your assets are transferred to the next generation in a way that aligns with your goals and values.

Key topics covered in this course:

• 8 Essential Planning Pillars
• Generational estate planning
• Failing to plan can be expensive
• Medical preparedness
• Caring for heirs
• Annual gift giving 
• Create an irrevocable trust
• 529 college savings programs
• IRA conversions
• Whole life insurance
• Business continuity and succession planning
• Special needs trust
• Things to consider

Join this CPE Finance webinar it will help you in developing a sound action plan for the future while assisting you in understanding the mechanics of estate planning.

Overview

• 8 Essential planning pillars

  8 mins
• Why do i share this message?

  14 mins
• Funeral costs

  28 mins
• Make a direct payment

  37 mins
• Choose beneficiaries

  51 mins
• Things to consider

  54 mins