CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS

Retirement, Elder Care, and Post-Mortem Planning

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Webcast
Icon_Level
Update
Credits
CPE Credits
6 Credits: Taxes

Course Description

This course will address the many planning challenges and opportunities from the perspective of tax, estate, and public benefit planning that confront individuals as they reach their senior years. This course discusses the issues of concern for an aging population. The need for a well-considered estate plan is addressed, along with some of the post-mortem planning decisions that must be considered. We examine the complexity of the social security system, particularly as it involves the various choices and planning strategies one has in taking the available benefits. The government entitlement program of Medicare is reviewed, particularly with an analysis of what is and is not covered, and how planning may increase one’s chances of securing the benefits of this program. Retirement planning issues are explored, focusing on the financial considerations of what must be saved for retirement, and the complex distribution rules.

Learning Objectives

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

  • Evaluate a number of estate planning alternatives that address a variety of personal and financial circumstances and recommend the best plan for their clients
  • Explain the tax consequences of an estate plan, taking into account the exemptions provided by law and the choices that can be made to minimize the tax consequences of death
  • Analyze estate planning issues for estates of varying sizes
  • Appreciate the complexities of the social security system and gain an understanding of planning techniques for maximizing the timing and enjoyment of benefits
  • Address what the Medicare system does and does not cover, when to apply for benefits to avoid penalties, and how planning can make a difference in what individuals may receive
  • Review key retirement plan distribution decisions and how to avoid the traps
  • Advise clients as to what must be done with their retirement plans upon attaining age 70 1/2 as well as the best ways to minimize tax consequences when leaving retirement plan benefits to their heirs

Course Specifics

Course ID
WC16206909
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven G. Siegel Headshot
Steven G. Siegel, JD, LLM

Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …

Steven G. Siegel, JD, LLM Read More »

Retirement, Elder Care, and Post-Mortem Planning

Expert Instructors
CPE CREDITS
6 Credits: Taxes

$294.00

Icon_Webcast
Webcast
Icon_Level
Update
Credits
CPE Credits
6 Credits: Taxes

Course Description

This course will address the many planning challenges and opportunities from the perspective of tax, estate, and public benefit planning that confront individuals as they reach their senior years. This course discusses the issues of concern for an aging population. The need for a well-considered estate plan is addressed, along with some of the post-mortem planning decisions that must be considered. We examine the complexity of the social security system, particularly as it involves the various choices and planning strategies one has in taking the available benefits. The government entitlement program of Medicare is reviewed, particularly with an analysis of what is and is not covered, and how planning may increase one’s chances of securing the benefits of this program. Retirement planning issues are explored, focusing on the financial considerations of what must be saved for retirement, and the complex distribution rules.

Learning Objectives

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

  • Evaluate a number of estate planning alternatives that address a variety of personal and financial circumstances and recommend the best plan for their clients
  • Explain the tax consequences of an estate plan, taking into account the exemptions provided by law and the choices that can be made to minimize the tax consequences of death
  • Analyze estate planning issues for estates of varying sizes
  • Appreciate the complexities of the social security system and gain an understanding of planning techniques for maximizing the timing and enjoyment of benefits
  • Address what the Medicare system does and does not cover, when to apply for benefits to avoid penalties, and how planning can make a difference in what individuals may receive
  • Review key retirement plan distribution decisions and how to avoid the traps
  • Advise clients as to what must be done with their retirement plans upon attaining age 70 1/2 as well as the best ways to minimize tax consequences when leaving retirement plan benefits to their heirs

Course Specifics

Course ID
WC16206909
Advanced Preparation

None

Compliance information

NASBA Provider Number: 103220

Course Instructor

Steven G. Siegel Headshot
Steven G. Siegel, JD, LLM

Steven G. Siegel, JD, LLM, is president of The Siegel Group, which provides consulting services to attorneys, accountants, business owners, family offices, and financial planners. Based in Morristown, New Jersey, the Group provides services throughout the United States. Steven is the author of many books, including: The Grantor Trust Answer Book (2018 CCH); The Adviser’s Guide to Financial and Estate Planning(AICPA 2019); Federal Fiduciary Income Taxation (Foxmoor 2019); and Federal Estate and Gift Tax (Foxmoor 2016). He is also a co-author with Richard Oshins, Esq. of The Anatomy of the Perfect Modern Trust, Estate Planning Magazine January and February 2016. In conjunction with numerous tax-planning lectures he has delivered …

Steven G. Siegel, JD, LLM Read More »

Retirement, Elder Care, and Post-Mortem Planning

Expert Instructors
CPE CREDITS
6 Credits: Taxes

$294.00