Course ID: FET

Financial, Estate, and Tax Planning for Individuals Over 55

The next decade will see $30 trillion of accumulated wealth transferred from one generation of Americans to the next. That is the largest such change in recorded history. Often, older clients desperately need help with problems they do not even know they have. This program prepares practitioners to talk with their clients about qualified retirement plans and IRA distributions, Social Security, Medicare, Medicaid, and long-term care insurance; and work with any current changes to estate taxation, and effective use of trusts in wealth transfer planning.


LEARNING OBJECTIVES
  • Determine cash flow needs during retirement Establish accumulation goals Explain the value and purpose of revocable living trust arrangements Explain Medicaid Trusts, Durable Powers of Attorney, and Living Wills Advise on maximization of Social Security, Medicare Supplement, and Prescription Drug plans Use common planning tools to maximize IRA benefits Advise on tax free wealth transfer planning opportunities

MAJOR TOPICS

Social Security benefits Medicare coverage and limitations Medicaid eligibility Revocable living trusts Charitable split-interest trusts Ownership of life insurance policies and planning opportunities using existing policies Living wills, durable powers of attorney Taxation of pension distributions Long-term care insurance Estate and gift planning


DESIGNED FOR
Practitioners whose client base is aging and who need background in counseling for pre-retirement, retirement, and wealth transfer. May also be suitable for public practice.

FIELD OF STUDY
Taxes

PREREQUISITES
None

COURSE PRODUCER
Loscalzo Associates

CPE CREDITS
8.0

LEVEL
Intermediate
 

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