Lorman offers professional resources regarding COVID-19 and the 2020 Election

Live Webinar

60-minute live streaming program
  • March 17
  • 1:00 - 2:00 pm EST

Estate Planning Basics

March 17

Gain an understanding of what documents are needed for estate planning and how to best help clients through the process.

Estate planning is a process that should be undertaken by nearly every person because if you fail to create your own estate plan, state laws will create one for you (and it may not be the one you want). Therefore, having properly drafted estate planning documents are key. But what is estate planning, and what documents are needed? How can attorneys help clients through the estate planning process? This material will review the various ways of passing property to the desired recipients at death and how to plan for the possibility of becoming incapacitated during lifetime – both of which are part of a good estate plan. We will consider the differences between wills and revocable trusts and when one might be recommended over the other. We will also review various ways of setting up an estate plan to take care of a person’s surviving spouse and children. The presenter will discuss the use of trusts to protect property for heirs, naming a guardian in the event one is needed, and possible traps for attorneys who may be new to estate planning. The material will also briefly cover advanced estate planning concepts, such as estate taxation, lifetime gifts, and the related areas of elder law and special needs planning.

Learning Objectives

  • You will be able to define ways in which property can pass to a client’s desired beneficiaries at the client’s death.
  • You will be able to describe ways to plan for a possible incapacity during a client’s lifetime, so they can be taken care of without the need to resort to a formal (and expensive) guardianship.
  • You will be able to discuss the differences between wills and revocable trusts.
  • You will be able to explain the need for power of attorney, health care directives, and other ancillary estate planning documents.

Purchase Options

More Program Information

Why Lorman?

Over 34 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

What Is Estate Planning?
  • Providing for Property Transfers at Death
  • Planning for Incapacity During Lifetime
Property Transfers at Death
  • Ways Property Can Pass at Death - by Contract, by Operation of Law, by Will
  • Probate, and Why You May Want to Avoid It
  • Wills vs. Revocable Trusts
  • Different Types of Bequests
Incapacity Planning
  • Powers of Attorney
  • Revocable Trusts
  • Health Care Directives and Living Wills
Other Ancillary Documents
  • HIPAA Authorizations
  • Guardian Designations (for Self or Minor Children)
  • Burial Instructions
Advanced Estate Planning
  • Estate Tax Planning
  • Lifetime Gifting and Lifetime Trusts
  • Elder Law and Special Needs Planning
Purchase Options

More Program Information

Why Lorman?

Over 34 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

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Who should attend?

This live webinar is designed for attorneys, estate planners, controllers, business owners and managers, tax managers, and financial planners.

Purchase Options

More Program Information

Why Lorman?

Over 34 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

Teresa L. Bush, Esq.

Teresa L. Bush, Esq.

InterActive Legal

  • More than 30 years of experience in trusts and estates law
  • Director of Education and Support Services for InterActive Legal
  • Former attorney with Kelly, Hart, and Hallman in Fort Worth, Texas, and tax consultant with Ernst & Young
  • Author of several articles/blogs on estate planning topics
  • Frequent presenter of online webinars and training classes, including “Effect of Recent Events on Estate Planning, “Estate Planning Before 2026 (and Beyond) for Married Couples,” “Restructuring Trusts for the New Tax Law: Trusts under the SECURE Act”
  • Graduate, Rice University and University of Texas School of Law
  • Can be contacted at [email protected]
Purchase Options

More Program Information

Why Lorman?

Over 34 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.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

  • Live Webinars
  • OnDemand Webinars
  • MP3 Downloads
  • Course Manuals
  • Audio Recordings*
  • Executive Reports
  • White Papers and Articles
  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

Sign Up Today
With This Course

Access to all training products for one year
$699/year

Unlimited Lorman Training

With the All-Access Pass there is no guessing what you will need for your yearly training budget. $699 will cover all of your training needs for an entire year!

Easy Registrations

Once you purchase your All-Access Pass you will never be any further than one-click away from attending any Lorman training course.

Invest in Yourself

You haven't gotten to where you are professionally by luck alone; it's taken a lot of hard work and training. Invest in yourself with the All-Access Pass.

Product ID: 408412
Published 2021
Purchase Options

Register today before this event fills.