Understanding the Entities: Planning and Compliance

Learning Objectives

• To identify the key terms as they pertain to financial planning
• To recognize Federal and State definitions related to estate planning
• To interpret Trust implications with regards to financial protection
• To recognize the most beneficial courses of action for clients, aiding them in navigating their Trust and Estate Planning

Course Description

A great way for businesses to keep a handle on key compliance tasks year-round is to create a compliance calendar. Compliance calendars help keep tasks organized, tracks due dates and can send alerts and reminders ahead of a deadline.To ensure a compliance calendar is effective, it is imperative to include the necessary data as it becomes available in each country. Therefore, any new filing requirements, deadline changes or changes to a company’s local operational status along with the corresponding compliance tasks, must be reflected and updated accordingly.

Global expansion offers many opportunities for businesses but keeping an international entity in good regulatory standing doesn’t come without its challenges. When managing a global entity, not only must you stay up to date with the legal responsibilities that come with operating in multiple countries, you also need to stay on top of in-country compliance requirements (which can change frequently) and establish good governance.

When a business pursues international growth, new compliance requirements need to be considered. Failing to understand and manage these widening responsibilities can create greater financial and reputational risks as organizations are exposed to a broader range of penalties including fines, inability to conduct business and in rare instances imprisonment. This makes it essential for companies to have insight into the local laws, rules, and regulations for every jurisdiction in which it operates.

In this course, the first in the series, practitioners will learn about Trust and Estate Planning. The purpose of this lecture is two fold: 1) to expand a practitioner’s knowledge-base, promoting growth of business and 2) to educate practitioners on how to provide comprehensive financial advice and planning strategies.

Overview

• Understanding the Entities – Planning and Compliance

  2 mins
• The Estate And Trust Series A Comprehensive Understanding

  32 mins
• The Three Questions

  45 mins
• The Basics of Compliance

  75 mins
• Income Tax Issues

  85 mins
• Transfers with Control

  94 mins