Course Details

Estate Planning for Retirement Training Course

INTRODUCTION

Estate planning is a crucial part of retirement planning, ensuring that your assets are distributed according to your wishes and that your loved ones are protected. This Estate Planning for Retirement training course provides a comprehensive overview of the essential legal and financial tools used in estate planning, covering wills, trusts, powers of attorney, healthcare directives, and strategies for minimizing estate taxes. Participants will learn how to create an estate plan that reflects their individual circumstances and goals, providing peace of mind and protecting their legacy. This essential legal and financial planning training is perfect for anyone approaching retirement or seeking to understand the importance of estate planning. This course covers key areas like wills & trusts, powers of attorney, healthcare directives, and estate tax planning, empowering you to make informed decisions about your estate.

TARGET AUDIENCE

This course is designed for a broad audience, including:

• Individuals approaching retirement: Those within 10 years of retirement age.
• Pre-retirees: Individuals planning for retirement and wanting to understand estate planning.
• Financial Advisors: Professionals assisting clients with retirement and estate planning.
• Anyone interested in learning about estate planning: Individuals wanting to understand the process and its importance.

COURSE OBJECTIVES

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

• Understand the basics of estate planning and its importance.
• Create a will that reflects their wishes for asset distribution.
• Understand the benefits and uses of trusts.
• Appoint a power of attorney for financial and legal matters.
• Establish healthcare directives for medical decision-making.
• Minimize estate taxes and probate costs.
• Plan for the distribution of assets to beneficiaries.
• Understand the role of estate planning in retirement planning.

COURSE MODULES

• Introduction to Estate Planning:
• The importance of estate planning for retirement.
• Understanding the goals of estate planning.
• Key terminology and concepts in estate planning.
• Common estate planning mistakes to avoid.
• Wills:
• What a will is and why it's important.
• Requirements for a valid will.
• Choosing an executor and beneficiaries.
• Updating and revising a will.
• Trusts:
• Different types of trusts (revocable living trusts, irrevocable trusts, charitable trusts).
• Benefits of using trusts for estate planning.
• Choosing a trustee and beneficiaries.
• Setting up and administering a trust.
• Powers of Attorney:
• Durable power of attorney for financial matters.
• Healthcare power of attorney (medical directive).
• Choosing an agent and understanding their responsibilities.
• Protecting against financial abuse and incapacity.
• Healthcare Directives:
• Living wills and advance healthcare directives.
• Making decisions about end-of-life care.
• Communicating healthcare wishes to family and medical professionals.
• Understanding state-specific laws and regulations.
• Estate Tax Planning:
• Understanding federal and state estate taxes.
• Strategies for minimizing estate taxes.
• Using trusts and other tools for tax planning.
• Gift tax implications and gifting strategies.
• Planning for Asset Distribution:
• Distributing assets to beneficiaries according to your wishes.
• Planning for specific bequests and gifts.
• Considering the needs of different beneficiaries.
• Strategies for minimizing conflict among beneficiaries.
• Putting It All Together: Creating Your Estate Plan:
• Developing a comprehensive estate plan that integrates all aspects of your financial and personal wishes.
• Working with an estate planning attorney and other professionals.
• Reviewing and updating your estate plan regularly.
• Communicating your estate plan to your family and loved ones.

 CERTIFICATION

• Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

• Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

• Airport pick up and accommodation is arranged upon request

TERMS OF PAYMENT

• Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com