Traps & Pitfalls in the Estate Planning Process

Having a thorough knowledge of a variety of areas of tax and non tax law is important to the professional in properly advising clients during the estate planning process. There are many common pitfalls, errors and mistakes clients and professional make during this process. This course is designed to explore these issues and provide the practitioner with practical solutions to common mistakes in the estate planning process.

LEARNING OBJECTIVES:
Upon successful completion of this course, participants will be able to:

• Identify the most common mistakes made in the estate planning process.
• Properly use and fund trusts.
• Recognize mistakes in the disposition of assets.
• Identify and apply the special issues of the single taxpayer.
• Identify the special issues of same-sex couples
• Identify mistakes made in planning for beneficiaries with special needs.
• Make proper choice of fiduciaries.
• Understand what needs to be in place beyond the legal documents in the estate planning process.
• Describe the need to properly coordinate the efforts of different advisors.
• Distinguish and understand life and death planning issues.
• Distinguish and understand tax and non tax planning issues.