Apr 28, 2011 i hosted an introduction to estate planning seminar at the dana point library yesterday. Jan 09, 2010 estate planning is the topic of countless books and the specialty of lawyers who have made a career out of helping clients navigate some very confusing territory. Whether you are new to estate planning or an industry veteran, refreshing your memory on the basics of estate planning is crucial. Medicaid 101 powerpoint presentation medicaid lawyer. An estate comprises the assets and liabilities that an estate planner accumulates during his lifetime, and which he leaves behind at his death. What you need to do to make sure youre covered a few days ago, i made an offhand mention of my will, which drew a lot of. We will never share your email address with third parties without your permission. The best online will making programs aging us news. These may include a will, health care proxy, and durable power of attorney. Estate planning is about more than just creating wills and trusts. Estate planning can be a complex process, but you can make it easier with the support of capable, experienced professionals. If so, share your ppt presentation slides online with.
Thoughts on the initial estate planning interview the top 10 biggest mistakes estate planning attorneys makerunning their business. What is estate planning estate planning is the process of determining the distribution of. Presentation articles discussing the unified framework for a broken tax. In this presentation we will look at the basic estate planning components such as last wills, living wills, probate, living trusts, powers of. Ppt estate planning 101 powerpoint presentation, free. Free podcast adapting your practice right now to the coronavirus crisis. This manual is not intended to be a treatise on new jersey estate planning laws. Because we are not a law firm, we cannot provide legal advice and any questions regarding legal advice or estate planning must be directed to a qualified attorney. Creately diagrams can be exported and added to word, ppt powerpoint, excel, visio or any other document. Mar 23, 2017 for more insight into common florida estate planning terms or for more guidance about updating old estate planning documents in florida. The tax advisor can help you with any associated tax issues. Estate planning 101 provides you with an overview of a basic estate plan. It made me feel as though estate planning is something that i could understand much more easily.
Estate planning 101 is the property of its rightful owner. Estate planning powerpoint presentation template design. The process of effectively planning the protection, preservation and increasing of an individual estate. Christine romans explains how to minimize the tax bill for you and the recipients. Ppt estate planning basics powerpoint presentation free to. But its important to understand what a will is and what it does and doesnt cover. Preserve, increase and protect an estate planners assets during his. We have made available our video presentation of estate planning 101, presented by lewis j. Only through a personal, confidential consultation with qualified legal counsel can anyone properly evaluate their own unique estate planning challenges and determine what, if any, appropriate legal strategies and tactics should be implemented to meet those challenges. Learn how a will can help you if youre single, living with a significant other, married, or have kids. Saret and rachel murree, which you may access by clicking this sentence.
Understanding the basics of estate planning vanguard. This article is an excerpt from the book legal mumbo jumbo written by steven j. The advisers guide to financial and estate planning. When you have an estate plan that includes a will, the process of settling your estate may take several. We break down why every parent needs a will, what to think about before you create it, how it works if you have a blended. Sep 18, 2014 forbes takes privacy seriously and is committed to transparency. You want to make sure the assets youve worked so hard to accumulate during your lifetime go to the people or organizations you care about. A last will and testament is the cornerstone of every estate plan. We can help you write your will, protect your healthcare decisions, provide care for your loved ones, and more. Estate planning financial planning fin 551 552 553 managing the wealth of a client wealth accumulation cfps portfolio management wealth protection insurance agents policies wealth distribution lawyers estate planning fin 553 part one estate planning learning objectives define estate planning list goals of estate planning list risks failure to plan determine who. It clarified the whole process, listing the basic areas of estate planning, and broken down into the specific groups. Budget and policy priorties, policy basics the federal estate tax july 5, 2016.
This content includes an option to download the entire publication as a printready pdf. Sep 29, 2015 best of all, estate planning, like financial planning, can help you plan for the stage of life youre in right now. Make a greatlooking estate planning powerpoint presentation with easytocustomize layouts. In this insight brief, youll learn the core goals of estate planning and how our fundamental. Estate planning quickview is our state law sensitive flowchart and graph based windows software to provide and help communicate instantaneous answers to two of the most important questions you and your clients need to answer. Oct 08, 2015 from the oklahoma law firm cazes roberts, pc. The term estate refers to the whole of your assets and debts your house, accounts, possessions, obligations, everything not just your home and estate planning can cover. What property you wish to leave to family, friends and organizations. Florida estate planning an ultimate guide estate planning. We welcome your comments, questions and suggestions about this site.
Basics of financial planning ppt power point presentation. View and download the opportunity zones 101 presentation. Mar 08, 2018 unfortunately, confusion and myth abound when it comes to estate planning. Estate planning 101 video presentation available law. Allows you to name someone to look after your account after its memorialized or to download the content you shared. Learn how a will can help you if youre single, living with. The study, conducted in january, asked more than 1,000 respondents whether they had estate planning documents in case of their death. This guide presents an introduction to estate planning so that you can better understand whats involved. Understandably, this is a growing concern for estate planners.
Disclaimer this presentation does not constitute legal, accounting or other professional advice. Even otherwise financially savvy people seem confused about estate planning. Estate planning has been defined as the process of creating and managing a programme that is designed to. Client intake in estate planning powerpoint presentation robert i. Estate planning is a wide field and involves the overall structuring of a persons wealth through marital contracts, wills, trusts and business planning. Best of all, estate planning, like financial planning, can help you plan for the stage of life youre in right now. Legal declaration of persons wishes regarding disposition of his or her property or estate after death. The people in attendance found the information to be stimulating and seed planting as one person referred to it.
Whats the difference between a will and an estate plan. If you were to ask 10 adult americans this question, you would likely get 10 different answers. Then again, neither is a regular dental cleaning or physical exam. From client intake to the final plan moderatorspeaker. In this presentation we will look at the basic estate planning components such as last wills, living wills, probate, living trusts, powers of attorney and final arrangements. Today, id like to offer you my 101 version to give you a start in this process and help you know what questions you should ask if you see an estate planning attorney.
If you want everything for a customized estate plan in one place, quicken provides software to create a will, financial power of attorney, living trust and other estate related documents. When you think about estate planning, you likely think about making provisions for who inherits your assets after you have passed away. Ive given this presentation or one similar dozens of times to rotary clubs, kiwanis clubs, chambers of commerce, lawyer groups for cle credit, at senior living communities, etc. You can edit this template and create your own diagram. Hi, my name is fitz villafuerte and im a registered financial planner living in the philippines. A checklist to help you take care of your family by making a will, power of attorney, living will, funeral arrangements, and more. It also explains what estate planning documents are typically included in such a plan and. Perhaps that is why so few people actually get around to making such plans at all. Back to basics to remind ourselves of the core goals of estate planning and how our.
Hope you find it helpful with your own estate planning education. The ever changing socioeconomic environment makes it mandatory for everyone to have a sound financial plan. Ppt estate planning 101 powerpoint presentation free. Estate planning 101 in this presentation we will look at the basic estate planning components such as last wills, living wills. Protect yourself, your family, and your finances during the coronavirus outbreak by preparing an estate plan. Jan 24, 20 assumptions will live forever will never be disabled will never require long term care will never need another person to make medical decisions for you estate tax laws wont apply to you estate planning is easy, any one can do it, at any time no need to think about planning today as there will always be tomorrow. Financial planning is the process of meeting your life goals through the proper management of your finances. A living trust is a great tax planning tool for avoiding or reducing estate taxes. Creating a set of legal documents that lays out your wishes makes things easier on your family and can help avoid a protracted process of closing out your estate. Estate planning 101 in this presentation we will look at the basic estate planning components such as last wills, living wills, probate, living trusts, powers of attorney and final arrangements. Ppt estate planning 101 powerpoint presentation, free download. Estate planning, at its core, is the process of answering those questions while youre still alive. Gibbs which is available in hard copy and includes similar guides on a number of other related legal topics. Having a good real estate business plan is the first step to achieving and exceeding your professional goals.
Planning a clients estate can involve more than just the transfer of wealth from one generation to the next. Thats because estate plans are about more than how much money you have they help ensure that your wishes for yourself, your family and your assets are carried out in the event of your illness or death. To access the publication, please click on the icon on the task bar at the bottom of the screen. A will is the most basic estate planning document there isand for some people, it represents the only estate planning they want or need to do. Sep 22, 2014 christine romans explains how to minimize the tax bill for you and the recipients. If you have any questions about either, dont hesitate to reach out to me. Overall, this course took the mystery out of estate planning.
Careful planning and drafting of documents and contracts can affect a persons ability to create a. The advisers guide to financial and estate planning volume 1 of 4. Nonetheless, the importance of, and attention to, creating a digital estate plan will surely increase as the adoption rate of emerging technologies continues to grow. About the aicpa personal financial planning section. Its important to work with an attorney and possibly a tax advisor on your estate plan. A solid business plan will help you put actionable plans on paper, define your objectives and determine the number of deals you need to close to reach your financial targets.
This presentation talks about the basics of estate planning last wills, living wills, durable powers of attorney, revocable living trusts, and healthcare proxies. The attorneys role will include guiding you through the creation of fundamental estate planning documents. To draft a customized plan that achieves a clients unique goals, an estate planning practitioner must understand the clients values and convictions and, in many cases, his or her religious beliefs. It is important that you understand,because we will be representing you both. Ppt estate planning 101 powerpoint presentation free to. A free powerpoint ppt presentation displayed as a flash slide show on id. Estate planning is a term broadly used to describe a variety of end of life planning issues. These can be very effective because they allow you to avoid the court system and have your estate. Estate planning guide important note and disclaimer 2 what is estate planning.