Understand strategic, money-saving ways to help your clients plan for the future when they are young and wealthy.
Planning for death or disaster is low on the list of ways people want to spend their time - especially if they are young and busy. But proper and proactive planning can create peace of mind and major tax benefits for people of means. Understand the importance of an estate plan, teach them about the basic documents essential to any estate plan, and introduce them to more sophisticated estate planning techniques appropriate for wealthy individuals seeking to leverage their available tax exemptions. Common misconceptions about asset protection, what makes up a taxable estate, and which documents control who receives assets at death are included in this topic. Whether the listeners have (or are advising people with) inherited wealth or are up-and-coming business leaders experiencing rapid wealth accumulation, this topic is packed with smart tips and core essentials about leaving the loot.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Who Are the Young and Wealthy?
The Importance of Estate Planning for the Young and Wealthy
- Leaving the Loot - Who Are the Beneficiaries?
- Who Is in Charge - Choosing Fiduciaries
- Minimizing the Tax Bite
- Common Misconceptions
Blocking and Tackling: The Basic Documents
- Will
- Trust(s) - Revocable vs. Irrevocable
- Powers of Attorney for Health Care and Property
Overview of the Transfer Tax Regime
- Gifts (Lifetime Transfers)
- Estate (Transfers at Death)
- Generation-Skipping Transfers (GST)
- State Estate Taxes
What to Do Next?
- Assemble a Good Team of Advisors
- Get a Basic Plan in Place
- Discussion of Advanced Estate Planning Techniques and Income Tax Considerations
- Freeze Techniques for Appreciating Assets
- Charitable Planning
- Insurance Trusts
- Residence or Vacation Home Trusts
- Pet Trusts
Circumstances Change; Plan for Flexibility
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on December 3, 2015.
Call 1-866-352-9540 for further credit information.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Benjamin P. Brunette
Selinger & Brunette, LLC
- Attorney in the Madison office of Whyte Hirschboeck Dudek S.C.
- Practice is built on meaningful communication to ensure that estate plans reflect clients’ unique family and individual values
- Assists clients with a broad spectrum of estate planning needs, from the preparation of basic plans to those involving complex wealth transfer, gift, and tax issues
- Advises throughout the estate planning process, from initial plan preparation through probate and estate/trust administration
- Lectured on estate planning considerations for same-sex couples, and he commonly assists clients with estate and gift planning for complex, technology-related assets
- J.D. degree, University of Michigan Law School; B.A. degree in political science and philosophy, Marquette University
- Can be contacted at 608-258-7381 or [email protected]
Melissa Cover Selinger
Selinger & Brunette, LLC
- Founding partner of Selinger & Brunette, LLC in Madison, Wisconsin
- Licensed and practicing in both Illinois and Wisconsin
- Practice emphasizes all aspects of estate planning, estate and trust administration, and related tax planning
- Conducts regular seminars and workshops on numerous estate planning and trust-related topics
- Committee member for review and enactment of Uniform Powers of Appointment Act in Wisconsin
- President-Elect of Madison Estate Council
- Past chair of numerous committees for Chicago Bar Association
- J.D. degree, Washington University School of Law; B.A. degree, University of Illinois at Urbana-Champaign
- Can be contacted at 608-960-4537 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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