Understand how to recognize the change in your client's estate plans within the evolving economy.
Many people have not reviewed their estate plan or business succession plan in many years and have not made changes in their plan to accommodate changed circumstances relating to a changing economy. Likewise, many blended families have not updated their estate plan to reflect changes in their net worth relating to a changing economy. This topic helps the persons responsible for advising people about their estate plan to recognize issues relating to a changing economy and to address these issues in a properly crafted estate plan. The material also explains how interest rates and inflation can cause a family's needs to change over time. Failing to address changing needs is one of the most common mistakes embedded in an estate plan and are often revealed once it is too late to make changes. This information is critical to help advisors develop the knowledge and skills to properly review a client's estate plan and assess the weaknesses relating to a changing economy and its effect on the client's plan.
Credit
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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
Review the Client's Current Plan
- Identify Issues Affected by Interest Rates and Inflation
- Look for Fixed-Dollar Bequests and Check for Appropriateness
- Compare Percentage Bequests to Total Estate Value
- Analyze How Economy Could Affect Estate
- Recommendations for Current Estate Planning Clients
- Estate Tax Issues and Related Planning
Review Existing and Potential Planning Alternatives
- Blended Family Issues
- GRATs/GRUTs
- CRATs/CRUTs
- Sales to Intentionally Defective Grantor Trusts
Planning for Client's Business
- Buy-Sell Planning
- Salary Continuation Plans
- Shareholder Loans
Credit
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
OnDemand Course
This course was last revised on July 27, 2018.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.75
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.75 CLE hours of participatory credit.
- NM CLE 1.5
- This program has been approved by the New Mexico Minimum Continuing Legal Education Board for 1.5 hours of credit.
- WA CLE 1.75
- This program has been approved by the Washington State Board of Continuing Legal Education for 1.75 hours of A/V credit under the Law & Legal Procedure category.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
Credit
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

Alan L. Stroud, J.D., CPA
Beck & Associates, PLLC
- Partner in the office of Beck & Associates, PLLC
- Practice emphasizes all aspects of estate planning and probate, asset protection planning and business planning
- Conducts regular seminars and workshops on numerous topics relating to estate planning and probate
- Membership/Certification information: State Bar of Texas; Board Certified Estate Planning and Probate by the Texas Board of Legal Specialization; Certified Public Accountant (Texas)
- LL.M. degree, New York University School of Law; J.D. degree, University of Tulsa College of Law; B.A. degree, University of Texas at Arlington; B.B.A. degree in accounting, University of Texas at Arlington
- Can be contacted at [email protected] or 281-440-4777
Credit
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.

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