ABOUT THIS COURSE

 

WHY ATTEND THIS COURSE?

Estate planning is a complex and confusing area of our lives. It is often one of the last items that people take care of because of procrastination or confusion over what is needed. Now, more than ever, it is important to have a sound estate plan in place. Without an estate plan, you lose control of the distribution of your estate, and you may incur unnecessary costs and taxes. By attending this class, you will learn more about the tools and strategies that are needed to protect your assets and give you back control over decisions that will affect you and your family moving forward.

WHO SHOULD ATTEND?

This course has valuable information for everyone. We will discuss the many ways to plan your estate as well as teach you strategies you can use to protect your assets. You will learn about how to choose between a will or a trust, how your estate will be taxed, and how to protect your assets from creditors and the government. Most importantly, this course provides you with the tools you will need to make key decisions around planning your estate.

 
 

PREVIEW AND OUTLINE

Without an estate plan you lose control of the distribution of your estate and you may incur unnecessary costs and taxes. By attending this class, you will learn more about the tools and strategies that are needed to protect your assets and give you back control over decisions that will affect you and your family moving forward.

 
 
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BASICS OF ESTATE PLANNING

Often the hardest part of any planning is just getting started. Having a basic understanding of estate planning allows you to formulate a plan for what you would like to do at death or in case of incapacitation. This section is designed to help you understand the big picture of why estate planning is so important.

 

YOU'LL LEARN ABOUT:

A. Estate Planning Defined
B. Introduction of Estate Planning
C. Objectives While Living
D. Objectives at Death
E. Ten Most Common Mistakes

 
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PLANNING FOR INCAPACITATION

Unfortunately, unforeseen illnesses and accidents happen in life. Planning ahead for these events is imperative to making sure that you maintain control over personal decisions that will affect you. This section will give you a better understanding of what is needed so that you have peace of mind over these key decisions.

 

YOU'LL LEARN ABOUT:

A. What is Incapacitation
B. How it Can Affect You
C. Key Documents Needed
D. What to do With Your Incapacitation Documents
 

 
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WILLS

No one wants to be a burden to their loved ones at death. By having a will in place, you maintain control over key decisions at death and make it much easier on those you leave behind. This section will help you understand what is required and how to put one in place. 

 

YOU'LL LEARN ABOUT:

A. What is a Will and Do I Need One
B. Disadvantages of Dying Without a Will
C. Advantages  of Having a Will
D. Disadvantage of a Will-Only Estate Plan
E. When to Revisit Your Will

 
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PROBATE

The probate process can be complex and costly. Many people think you have to probate your estate. In this section, you will learn how to avoid probate and all of the costs associated with it.

 

YOU'LL LEARN ABOUT:

A. What is Probate
B. Advantages of Going Through Probate
C. Costs Associated with Probate
D. Avoiding Probate 

 
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DIRECT TRANSFER

There is always an easier way! In this section, you will learn some incredibly easy ways to transfer assets to your loved ones without any hassle. You will also learn how these methods can save you time and money.

 

YOU'LL LEARN ABOUT:

A. What is Direct Transfer
B. Gifting While You’re Alive
C. Beneficiary Forms: Don’t Leave Home Without Them
D. Account Registrations: TOD and POD
E. Joint Ownership Community Property in Texas

 
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TRUST

Do you want even more flexibility and control than what a simple will offers? Then a trust may be right for you. In this section, you will learn all of the ins and outs of the different types of trusts and how they can benefit you.

 

YOU'LL LEARN ABOUT:

A. What is a Trust
B. Benefits of Trusts
C. Disadvantages of Trusts
D. Types of Trusts: Testamentary vs. Living
E. Types of Trusts: Revocable vs. Irrevocable

 
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TAXES

It’s been said that the only two things guaranteed in life are death and taxes. Unfortunately, at death you may be exposed to a wide array of taxes. In the last few years, estate tax law has changed drastically. In this section, you will learn all about the different taxes that are owed at death and strategies on how to help avoid them. 

 

YOU'LL LEARN ABOUT:

A. Taxes Coming and Going
B. Income Tax
C. Estate Tax
D. Gift Tax
E. Generation Skipping Tax
F. Capital Gains Tax
G. Estate Tax Example

 
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planning strategies

Once you have learned the basics, it will be time to learn more advanced strategies. In this section, you will learn strategies for how to reduce costs and taxes. We will also discuss Medicaid and what you need to know now to prepare for Long Term Care costs. In addition, you will learn what to do next when a loved one dies.

 

YOU'LL LEARN ABOUT:

A. Bypass Trust
B. Irrevocable Living Trust
C. Qualified Terminable Interest Property (QTIP)
D. Special Needs Trust
E. Medicaid Planning and Long-Term Care
F. Miller Trusts
G. Family Limited Partnerships
H. Survivor Planning
I. What to do When a Loved One Dies

THIS COURSE INCLUDES:

 
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CLASSROOM INSTRUCTION

Wills, Trusts, & Estate Planning is both enjoyable and educational. Classes are led by Josh W. Strittmatter, CERTIFIED FINANCIAL PLANNER®. The presentation will be filled with valuable information as well as real life experiences. The instructor encourages an interactive format where participation and questions are welcome.

COURSE TEXTBOOK

This course includes a textbook with examples and interactive material that is yours to keep. The book is written in an easy-to-understand language and will help you follow along throughout the presentation.

COMPREHENSIVE LEARNING

Unlike financial seminars that focus on
one topic, this course is designed to help you see the “big picture.” You will have an opportunity to learn about the many aspects of estate planning, how they can work together to make the process easier, and how to make sure you get what you want from your estate plan. This course is purely educational, and nothing is sold to you.

OPTIONAL CONSULTATION

If you have questions that are personal in nature or would like to find out more about estate planning, you may arrange to meet privately with your instructor after the course is complete. This consultation is complimentary for class attendees but is
not required.

 
 
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your instructor

Your instructor is Josh W. Strittmatter, CFP®, CRC®. He teaches courses on Estate Planning at several local colleges and universities as well as educational workshops on investment management and retirement.