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Live Webinar

90-minute live streaming program
  • October 7
  • 1:00 - 2:30 pm EST

Convergence of Estate Structure and Financial Advice

October 7

Learn the importance of coordinating financial planning with estate planning and how to overcome the reluctance of clients.

Many financial planners assist clients with estate planning, at least at a summary level and to make sure their clients at least have an estate plan. Fewer estate planners are even aware of much about their clients’ financial plans (and there are economic reasons why this is so). The presenters of this topic will use a case study approach with four fact patterns to illustrate the importance of coordinating financial planning with estate planning. The two should not be developed in isolation from each other, or they may be at best uncoordinated and at worst in conflict. If developed in coordination, the two plans can provide powerful synergies.

Learning Objectives

  • You will be able to define several key financial planning concepts and estate planning concepts that relate to each other.
  • You will be able to describe how and why financial planners and estate planners should coordinate.
  • You will be able to discuss how certain financial and investment planning strategies can have synergy with certain estate planning strategies.
  • You will be able to explain the benefits of investment-driven estate planning techniques.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Convergence of Estate Structure and Financial Advice
  • Estate Structures, Defined
  • Financial Advice, Defined
  • Convergence: Where the Two Overlap and Need to Be Coordinated
Challenges to Coordinated Planning
  • Overcoming Client Reluctance
  • Overcoming Professional Rivalry or Turf Protection
  • Placing the Client Interest First, a Fiduciary Approach
Case Studies for Coordinated, Synergistic Estate and Financial Planning
  • Illustration of Uncoordinated Financial Plans and Estate Plans
  • Beneficiary Designations Clashing With Estate Plan
  • Cash Flow for the Surviving Spouse Conflicting With Estate Plan
  • Matching the Investment With the Technique (the Biggest Topic): GRATs vs. Installment Sales vs. QTIP vs. Joint Purchase Trusts
  • Creating and Maintaining a Family Bank: How a Structured Program to Manage a Fund for Intra-Family Loans and Investments Can Provide Great Benefits for a Family
    • Case Studies: After Introducing the Concepts, the Presenters Will Illustrate Them in Four Case Studies
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • AL CLE 1.5
     
  • This course or a portion thereof has been approved by the Alabama State Mandatory Continuing Legal Education Commission for a maximum of 1.5 hours credit.
     
  • AR CLE 1.5
     
  • This course has been approved for 1.5 hours of CLE by the Arkansas CLE Board.
     
  • Arizona CLE 1.5
     
  • The State Bar of Arizona does not approve or accredit CLE activities for the Mandatory Continuing Legal Education requirement. This activity may qualify for up to 1.5 hours toward your annual CLE requirement for the State Bar of Arizona.
     
  • CA MCLE 1.5
     
  • Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
     
  • CT CLE 1.5
     
  • Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. This course has been approved for CLE credit in jurisdictions aside from CT and therefore it automatically meets the content and delivery requirements in Connecticut. Credit is based on a 60 minute credit hour and shall be awarded as follows: 1.5 CLE credit(s).
     
  • HI CLE 1.5
     
  • This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
     
  • IL CLE 1.5
     
  • This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
     
  • ME CLE 1.5
     
  • This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 1.5 hours of CLE credit under M. Bar R. 12.
     
  • NH MCLE 1.5
     
  • NH MCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. Lorman Education Services believes this course meets the requirement of NH Supreme Court Rule 53 and may qualify for CLE credit(s). Program Length: 90 Minutes.
     
  • NJ CLE 1.8
     
  • This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 1.8 hours of total CLE credit.
     
  • NV CLE 1.5
     
  • This program has been approved by the Nevada Board of Continuing Legal Education for 1.5 CLE hours.
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • This course has been approved in accordance with the requirements of the New York Continuing Legal Education Board for up to a maximum of 1.5 credit hours in the area(s) of Areas of Professional Practice for 1.50 hours. Each hour may be counted only as satisfying one category of credit. Duplicate credit for the same hour of instruction is not permitted. This course qualifies for both established and newly admitted attorneys. Lorman Business Center, LLC. has a financial hardship guideline. Please contact customer service at 1.866.352.9539 for instructions on how to apply.
     
  • PA CLE 1.5
     
  • This Distance Learning program has been approved by the Pennsylvania Continuing Legal Education Board for 1.5 hours of substantive law, practice and procedure CLE credit.
     
  • RI CLE 1.5
     
  • This program has been approved by the Rhode Island Mandatory Continuing Legal Education Commission for 1.5 hours of CLE credit.
     
  • VT CLE 1.5
     
  • This program has been approved by the Mandatory Continuing Legal Education Board of Vermont for 1.5 hours of CLE credit.
     
  • WA CLE 1.5
     
  • This program has been approved by the Washington State Board of Continuing Legal Education for 1.5 hours of Law & Legal Procedure credit.
     
  • WI CLE 1.5
     
  • This program has been approved by the Board of Bar Examiners for 1.5 hours for use toward the Wisconsin Mandatory CLE requirement.
     
  • WV MCLE 1.8
     
  • This program has been approved by the West Virginia State Bar MCLE Commission for 1.8 MCLE hours.
     
  • CPE 1.8 including Taxes 1.8
     
  • Lorman Education Services is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Taxes for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     

Who should attend?

This live webinar is designed for attorneys, presidents, vice presidents, accountants, finance directors, controllers, CFOs, financial planners, and estate planners.

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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Elaine King

Elaine King

Family & Money Matters

  • Founder of Family & Money Matters
  • Areas of practice include family financial planning and education, family office and governance
  • Has spoken for Family Firm Institute and Financial Planning Association
  • Publications include Family and Money Matters Next Gen, 2010; 7 Habits for your Financial Well Being, 2015; 5 Strategies for Couples Financial Planning, 2018; Four Key Words for a United Family, 2013; Your Life Plan in U.S., 2014; and Four Strategies for Family and Money, 2012
  • Advanced certificate in family business advising, Family Firm Institute; Certified Financial Planner; Florida Supreme Court family mediator; Certified Divorce Financial Analyst™; and Certified Financial Education Instructor (CFEI)
  • Postgraduate degree in family therapy, Georgetown; M.B.A. degree, Thunderbird; B.B.A. degree, St. Mary’s University, financial planning FIU; executive coaching UM
  • Can be contacted at 305-432-300
Michael D. Whitty

Michael D. Whitty

Freeborn & Peters LLP

  • Attorney with Freeborn & Peters LLP
  • Areas of practice include estate planning, tax and family offices
  • Has spoken for Attorneys for Family Held Enterprises, Family Firm Institute, Lorman, and other online providers
  • Publications include ACTEC Journal; Real Property, Probate & Trust Law Journal; and Estate Planning
  • Certified Financial Planner; president, Attorneys for Family Held Enterprises; fellow, American College of Trusts & Estates Counsel; fellow, Family Firm Institute; certified in family business advising, Family Firm Institute; certified in family wealth advising, Family Firm Institute; Illinois Leading Lawyers
  • J.D. and BBA degrees, University of Texas at Austin
  • Can be contacted at 312-360-6192 or [email protected]
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Why Lorman?

Over 33 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 407084
Published 2020
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