Overview
Understanding the use and value of living trusts enables producers and advisors to participate in the full scope of a client's planning process. This course explains the concept of the revocable living trust and how it can serve as an estate planning tool for virtually all estates. The course explains when a client should implement a living trust, the benefits of a living trust, and how a living trust actually works. The course also explains how a living trust can be used to shelter the unified credit and explores other sophisticated estate planning techniques.
Learning Objectives
Upon conclusion of this course, students will be able to:
- demonstrate an understanding of the basics of probate and guardianships
- explain the advantages of a living trust
- describe when a living trust should be used
- articulate the basic provisions of a living trust
- apply basic estate planning techniques beyond the living trust
- recognize when more sophisticated estate planning techniques may save the client tax dollars
Designed For
Life insurance producers; financial planners and advisors