Surgent’s Top 10 Celebrity Estate Mistakes and How to Avoid Them (SU0258/23)
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June 23 @ 1:00 pm - 3:00 pm
This course uses the lives of the rich and famous as a template to better understand the realm of estate planning. Did you know that Prince died without a will, and that over 45 people have claimed to be his beneficiaries? Or that Michael Jackson was not careful in properly funding his trust? In discussing these familiar names, plus others including Jackie Kennedy, Joan Rivers, Jimi Hendrix, James Gandolfini, and Leona Helmsley, the course examines the pitfalls and best practices surrounding famous estates. Even Abraham Lincoln, it turns out, did not have a will. We may not have their fame or fortune, but we can certainly walk the red carpet when it comes to estate planning.
CPAs who advise clients on establishing an estate plan
Understand the differences between a Power of Attorney, guardianship, and a will Understand the factors to consider in choosing an executor Understand why everyone should have a will Understand why a trust can be a powerful tool in administering the estate Understand how to care for a pet after death Review good practices in regards to estate claims and insurance
Overview of estate planning The dangers of a Power of Attorney The most important aspect of a will Role, scope, rights, and responsibilities of an executor Benefits of incorporating a trust Bequests Caring for a pet Claims against the estate Insurance Consequences of poor estate planning