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Why this topic?2 mins
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7 Reasons why people hate estate planning12 mins
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Stop the insanity and confusion21 mins
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What is this will and how can it help?31 mins
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Cost of estate planning39 mins
Published: December, 2021
Benjamin Franklin once said, “If you fail to plan, you are planning to fail.”
Life presents all of us with circumstances – some good – some bad. We all believe that we will live forever, healthy and vibrant, yet, life as some of us know it throws us all curveballs. Whether we are 20 and just beginning a career or 50 and seeking to retire, we must all seek better methods for planning our futures.
You work hard throughout your life building assets. And you probably do this to ensure financial safety and security for your loved ones. But what would happen to these assets on your sudden demise? Have you given a thought to it?
That’s where estate planning comes into the picture.
Estate Planning is not only for the Rich and the Old. And it is not an exercise to be looked after post-retirement.
Why bother with estate planning?
It is easy. You get to plan where your money goes. How it gets invested. How to minimize tax implications and heaven forbid at time of incapacity or death, someone else gets your money other than Uncle Sam.
The goal here is not to scare you but to help you understand your options, minimize taxes, and plan for a liquid financial future.
Estate planning involves some considerations: lifetime planning and testamentary planning.
Unfortunately, individuals do not enjoy speaking about planned death as the thought makes them very anxious. Yet, good planning when conducted correctly will help individuals with or without large amounts of wealth with plans for stable income during their sunset years.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
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MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.
MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478
MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.
CEO and Leadership Change Expert, Stevens Performance
32 Ratings
SS
Dec 30th, 2021
The presenter was knowlegeable and effective by sharing real-life experiences. However, the quiz had a few questions that I do not believe were covered in the 1-hour material.
JB
Dec 28th, 2021
It was not what I was expecting, but it was fine for what it was.
JE
Dec 29th, 2021
There was a lot of talk about why people don't do estate planning. I was looking for more of the specifics on creating an estate plan.
1 Credit
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