In this foundation course, we look at what estate planning is and introduce a fact-finding process to help families plan for their future generations. The three most essential documents in every estate plan – the will, trust and LPA Form 1 -, will be discussed in detail.
The use of insurance as a tool for funding the estate for various purposes is explored at length. Whether used to enhance an estate, to equalize gifts to children or to provide liquidity on death, insurance is a foundation of every well-conceived estate plan.
For wills, we will examine how different assets and liabilities can be gifted. For trusts, we focus on the 3 structures that meet the needs of most families – will trusts, insurance trusts and standby living trusts.
Attendees will gain practical knowledge from actual case studies to guide their clients in their estate planning as well as enhancing their core financial planning practice. The trainers are not only accomplished estate planning practitioners in the legal, financial and trust industries but are excellent at simplifying and communicating technical content.