OasisLMS

Understanding how to navigate the sensitive and challenging area of incapacity and postmortem planning can help you ensure your clients are prepared for unpredictable circumstances.

Specialized knowledge in incapacity planning

Overlooking the risk of incapacity can lead to significant issues with your clients’ estate plans. You’ll examine:

• The role and requirements of guardianship
• Circumstances in which a guardian will be appointed
• Alternative approaches to guardianship
• The role of insurance in minimizing economic loss due to incapacity

Postmortem estate planning options

A comprehensive understanding of opportunities in postmortem estate planning will allow you to help clients plan for their heirs. You’ll learn about:

• Planning opportunities for state and income tax elections
• Valuations, deductible expenses, and disclaimers that can reduce taxes for a decedent’s estate
• Specific considerations and opportunities for shareholders of closely held businesses

Specific postmortem planning considerations

Every client has unique circumstances. You’ll cover certain scenarios that have specific considerations for estate planning, including:

• Implications for a U.S citizen with a noncitizen spouse
• Planning considerations for blended families
• Identification of community property assets
• Planning for the ongoing needs of pets

Choose Your Path: Individual or Certificate Program

Flexible options – you can enroll in the individual course or take the Estate Planning Certificate Program.

Learning Outcomes

• Determine the role and requirements of guardianship.
• Identify alternative arrangements to guardianship.
• Determine the potential role of insurance in addressing incapacity risk.
• Identify postmortem planning opportunities for elections on estate and income tax returns.
• Determine how valuations, deductible expenses, and disclaimers can reduce taxes for the decedent’s estate and beneficiaries.
• Apply the use of redemptions and deferrals to postmortem estate planning for shareholders of closely held businesses.
• Identify estate planning implications for a U.S. citizen of having a noncitizen spouse.
• Determine estate planning considerations for blended families.

Key Topics

• Incapacity planning
• Guardianship
• Powers of attorney
• Advanced medical directives
• Postmortem estate planning
• Estate and income tax returns
• Other state planning considerations

Who Will Benefit

• Financial Planners
• CPAs