Gain an understanding of the proper updates and documentation to maintain wills, trusts, and estate plans.
Effective estate plan documents enable your client to direct the most efficient transfer of assets after their death. They can also address periods of incapacity and long-term care issues. But how do you know which your client needs, and how do you ensure the estate plan remains effective and up to date? In essence, a proper estate plan is very important. However, due to life events, changes in assets, and laws, they can fail if not kept up to date. Therefore, you need to fully understand these documents and what might make them become obsolete in order to effectively counsel your clients. This topic helps the practitioner understand key events that trigger estate planning updates. This content also explains steps to take in each unique client situation to maintain proper estate planning documents. As a result, you will be able to more effectively counsel your clients. This information is a critical foundation to building and maintaining a successful estate planning practice.
Learning Objectives
- You will be able to differentiate between the key characteristics of Important Documents that are part of an Estate Plan
- You will be able to differentiate between the types of Important Documents that are part of an Estate Plan
- You will be able to identify the various types of changes that require updating a will
- You will be able to identify the characteristics of a Maintenance Plan
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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
What Important Documents Are Part of an Estate Plan That Require Maintenance?
- Trust
- Will
- Power of Attorney
- Medical Directive
- Asset Inventory
What Events Cause an Estate Plan to Need Updating?
- Change in Health
- Change in Assets
- Change in Laws
- Change in Marital Status
How to Ensure Your Clients' Plans Stay up to Date
- Maintenance Plans
- How to Run an Estate Planning Review Meeting
- Family Meetings
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Credit
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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.
Credits
OnDemand Course
This course was last reviewed on December 7, 2023.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Education Services is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
CPE/NASBA - QAS Self Study 2.5 including Specialized Knowledge 2.5
- Noggin Guru, Inc. dba Lorman Education Services and BankersHub is registered with the National Association of State Boards of Accountancy (NASBA) as a QAS Self Study sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 2.5 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 2.5 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: QAS Self Study. Please refer to the information in this advertisement for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
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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.
Faculty
Vanessa M. Terzian
Lagerlof, LLP
- Partner at Lagerlof, LLP
- Specializing in estate planning, trust administration, and probate
- Adjunct professor of trust and wills, Southwestern Law School
- Rising Star, Super Lawyers, 2015 - 2017
- Wrote ‘Trustee’s, Executors and Beneficiaries’, published by the Institute for Preparing Heirs
- Active member of the California State Bar and member of the Trusts and Estates section
- J.D. Degree, dean’s honors and recipient of dean’s full tuition academic scholarship, Loyola Law School; B.A. Degree, magna cum laude, UCSD
- Can be contacted at 626-683-7234, [email protected], or lagerlof.com
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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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