Course ID: 19160 | Course Duration: 1 Day

Planning for the Small Estate Training Class

Course ID: 19160

Planning for the Small Estate Training Seminar

Get the tools you need to effectively plan for the small estate.

Not all clients need you to help them plan for a large, complex estate. Take care of "Joe Average" by providing the solid estate planning advice that he or she deserves. Join our experienced faculty as they take you through the process of successfully planning for the small estate. Register now!

Know what documents to obtain to get a clear picture of your client's financial state.
Ask the right questions to help determine the succession of heirs.
Ensure family harmony: Use specific forms and language to be explicit about your client's desires.
Avoid missing steps: Let our faculty walk you through the components of a simple will.
Incorporate personal possessions into your plan to help your client prevent family disputes.
Create clear final instructions and last wishes to lift the burden of funeral planning from the heirs.
Educate your client on solutions for long term medical needs, disability or incapacity.
Explore insurance policy choices to fund the small estate and their possible tax implications.
Know what key information to obtain to locate beneficiaries.
Weigh the options: Know when a trust would be beneficial and discover other asset transfer solutions.
Learn how to ethically represent a client when diminished capacity is apparent.
Maintain a good relationship with your client through effective communication.
Recognize privileged communications to guard your client's confidentiality.
Gain practical tips on making small estate planning a profitable part of your practice.


	Agenda
	THE INITIAL INTERVIEW Natalie S. Hutto, 9:00 - 9:30 Define a Small Estate Identify the Heirs Client Involvement and Wishes Structure the Estate Plan to Promote Family Harmony Identify the Assets Determine the Value of Assets Ownership/Title Real Property DRAFTING A SIMPLE WILL Pamela L. Hancock, 9:30 - 10:45 Explaining the Need for a Will Practical Pointers for Drafting a Simple Will Dealing with the "Small Stuff" - Planning Ahead for Distribution of Possessions of Emotional Value Guardianship for Minors or Dependant Adults Final Instructions and Last Wishes Special Clauses and Provisions PLANNING FOR INCAPACITY Barry K. Jones, 11:00 - 12:00 Advanced Health Care Directives Disability or Long Term Care Planning INSURANCE PLANNING TO FUND THE ESTATE Don H. Goode, 1:00 - 1:30 Available Policy Choices Using Life Insurance in Estate Planning Choosing the Beneficiary UTILIZING TRUSTS IN SMALL ESTATES Natalie S. Hutto, 1:30 - 2:45 When a Trust Makes Sense for Small Estates The Basics of Drafting a Living Trust Revocable vs. Irrevocable Common Elements Appointing Personal Representatives Sample Clauses Alternatives to Trusts ETHICAL ISSUES IN ESTATE PLANNING Barry K. Jones, 3:00 - 4:00 Avoiding Conflicts of Interest - Determining the Client Competency of the Client - When Diminished Capacity is Apparent Maintaining the Relationship - Effective Communication Confidentiality - What Should or Shouldn't Be Disclosed MAKE SMALL ESTATES A PROFITABLE PART OF YOUR PRACTICE Pamela L. Hancock, 4:00 - 4:30 Time Saving Tips Streamlining the Process Group Discussion

Audience

This basic-to-intermediate level course is designed to prepare the attendees for challenges faced in planning for the small estate. The professionals who will benefit from this program include: