#Pre morten estate planning checklist series#

These can help guide choices for caregivers and doctors if you’re ill, injured, having memory issues or nearing the end of life. A will is one type of directive, and there are others to choose, too. Retirement plan/IRA issues, etc., including beneficiary confirmation and any changes necessary Roth conversions, etc.An advance directive is a legal document that allows someone else to make decisions if you’re unable to do so yourself.Life insurance and liquidity analysis and issues, including beneficiary confirmation and any changes necessary, etc.Estate/trust administration issues-which state(s), ancillary probate issues, etc.Estate tax planning, including valuation strategy and planning, estate tax marital and charitable deduction planning, portability possibilities, formula tweaking, eligibility for special use valuation and IRC Sec.emphasis on planning in anticipation of disclaimers, etc. Estate plan document review, including updating tax language, identity of beneficiaries and fiduciaries and trust advisors/protectors, etc.

Income tax planning, including tax elections, gain matching and harvesting, grantor trust swaps, current IRS audit/controversy issues, etc.

In the second session, armed with proper preparation of the client and the client’s family and others, Paul addresses the whole array of potential issues around the client’s estate planning documents and income and transfer tax planning issues and property disposition issues, including:.

Session Two-Property and Tax Issues: Friday, November 19th 3pm ET

Physical /mental legal capacity issues, issues-living wills, POLSTs/DNRs, organ/tissue donation issues, healthcare power of attorney issues, assisted suicide issues, autopsy issues, etc.

evaluation of and planning around possible inter vivos or post-mortem challenges to the estate plan, including incapacity/undue influence claims, pretermitted child claims and elections against a will, etc.

Authority issues, e.g., gifting/transfer powers in powers of attorney and organizational governance documents, including buy-sell agreements, etc.

Control transfer coordination issues, e.g., powers of attorney conservatorship/guardianship issues, including court coordination closely-held business officer and buy-sell agreement issues successor trustee or executor issues and domicile confirmation/change issues, etc.

Informational issues, e.g., funeral and burial plans account passwords, personal notification issues, etc.

Communication and religion and relationship counselling issues-does the client really want to die with certain relationships being the way that they are right now?.Emotional impact of impending death or receipt of news of terminal illness on the client and the client’s loved ones-Elisabeth Kübler-Ross’s five stages of grief, etc.In the first session, Paul helps you prepare the client and the client’s family and others who are going to be affected by the client’s demise for the inevitable transition, including consideration of the following issues: Session One-Personal and Holistic Issues: Thursday, November 18th 3pm ET In this two-part webinar series, Paul will cover the waterfront of possible income and estate planning options and elections that you’ll want to remember for the dying client in an efficient and holistic way.

#Pre morten estate planning checklist series#

Longtime estate planner Paul Hood rides to your rescue with this timely two-part LISI 90-minute webinar series on this important practical topic. The only way to do this is with a comprehensive pre-mortem planning checklist. Therefore, it’s imperative that estate planners be ready at any time and be able to calmly rely upon a systematic way to evaluate and make last minute changes to the client’s estate planning and evaluate and able to take advantage of tax elections. While we never know exactly when we’re going to die, many clients are facing terminal illnesses and impending mortality, when the time for tweaking and fine-tuning their estate plans and tax planning is short. Click Here To Register for Both Webinars at a Limited Time Discounted price