1 / 18

CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION PROGRAM Estate Planning

CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION PROGRAM Estate Planning. Session 15 Incompetency Planning. Session Details. Incompetency Planning. Planning Techniques for a Non-Minor’s Financial Affairs Joint convenience checking account Durable power of attorney

abbott
Télécharger la présentation

CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION PROGRAM Estate Planning

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION PROGRAMEstate Planning Session 15 Incompetency Planning

  2. Session Details

  3. Incompetency Planning Planning Techniques for a Non-Minor’s Financial Affairs • Joint convenience checking account • Durable power of attorney • Funded revocable living trust • Contingent (standby) revocable trust plus a springing durable power of attorney • Support/supplemental/special needs trust

  4. Incompetency Planning • Joint convenience checking account _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  5. Incompetency Planning • Durable power of attorney (DPOA) _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  6. Incompetency Planning • Funded revocable living trust _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  7. Incompetency Planning • Contingent (standby) revocable trust plus a springing durable power of attorney _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  8. Incompetency Planning • Support/supplemental/special needs trust _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  9. Incompetency Planning Planning for Medical Decisions • Living will • Do not resuscitate (DNR) orders • Appointing another person: durable power of attorney for health care (DPOAHC)

  10. Incompetency Planning • Living will _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  11. Incompetency Planning • Do not resuscitate (DNR) orders _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  12. Incompetency Planning • Appointing another person: durable power of attorney for health care (DPOAHC) _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________ _____________________________________

  13. Question 1 Which one of the following statements regarding a conservatorship is not true? • The conservator is subject to the jurisdiction of a court. • The conservator has authority to decide where the ward will live. • The conservator may have to post a bond. • The conservator will likely have to file reports with a court.

  14. Question 2 All of the following are parties that may be involved in a court-ordered guardianship except • a ward or protected person. • a guardian or conservator. • a trustee. • the state.

  15. Question 3 All of the following are techniques commonly used to preplan for management of a non-minor’s assets except • a funded revocable living trust. • a living will. • a durable power of attorney.

  16. Question 4 Living wills are usually applicable only when the declarant is in a terminal or similar condition. True False

  17. Video • Play Video • Hercules Power of Attorney • 1:05 minutes • Play video from Video Layout Text chat or other questions

  18. CERTIFIED FINANCIAL PLANNER CERTIFICATION PROFESSIONAL EDUCATION PROGRAMEstate Planning Session 15End of Slides

More Related