Course ID: DCFI

Strategies and Tax Tips for Dragging Your Children into Financial Independence

Globalization, a changing job market, poor savings habits, and high rents and home prices are forcing young adults to stay in the “nest” well into their 30s. Even those who do initially leave often “boomerang” to the old homestead because of job, divorce, or financial problems. This presentation addresses client concerns for the financial well-being of their children and grandchildren by integrating federal taxation with overall financial planning. The course will explore strategies related to the central financial tactics of building wealth, preserving capital, distributing the estate.


LEARNING OBJECTIVES
  • To provide the participant with financial and tax planning strategies for parents and/or grandparents so that they can “jump-start” their young children’s and grandchildren’s awareness of financial and tax planning.

MAJOR TOPICS
  • Teaching children to establish goals
  • Explaining the concept of “time value of money”
  • Unilateral parental actions
  • College financial planning-costs and alternatives
  • Common financial planning mistakes made by prior generations that Generations X, Y, and Z should be taught to avoid
  • Dynasty trusts
  • Risk management issues

DESIGNED FOR
CPAs, EAs, financial planners, attorneys, insurance agents, bankers

FIELD OF STUDY
Specialized Knowledge & Application
Taxes

PREREQUISITES
None

COURSE PRODUCER
Werner-Rocca Seminars LTD

CPE CREDITS
8.0

LEVEL
Basic

This course is available for your group as:

Group Live
 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org