Webinar: Estate Planning for the “Difficult” Adult Child – How to Plan in Cases of Addicted, Perpetually Out of Work and Unhappily Married Children
Pre-interview
Questionnaire to send to client
Interview in office
· Questions to ask at the client meeting that will help you elicit the most accurate information
Competency
Mailing documents to Client
Signing documents in law office
Signing documents outside the office
Comments by other speakers
12:35 Beth Manes
Ideas on Protecting assets
· Will clauses that will protect assets from creditors and former spouses
· Pros and cons various trustees including banks and siblings
· Life estates – how to use them to your clients’ best advantage
· Medicare, Medicaid and life insurance
· Retirement accounts – when to change the beneficiaries and pitfalls to avoid
· Comments by other speakers
1: 15 Alex Clark, CPA, CFE
Which professionals may serve as trusts
· Successful tax planning strategies
· Comments by other speakers
1:30 Questions from seminar attendees
Estate planning is rife with delicate situations. As lawyers, it is our job to be “gloom and doom in the room.” We need to ask the hard questions and plan for the worst case scenarios. This can be especially difficult in estate planning, since it involves leaving hard-earned assets to cherished and beloved relatives. If we are going to protect those assets as we are hired to do, we must ask the tough questions, including questions about the ability of the testator’s children to take care of themselves after our client dies.
Join us as experts discuss how to plan for adult children who present especially difficult situations. Seasoned attorneys and an experienced accountant will discuss how to protect a testator’s assets when an adult child suffers from addiction, is out of work, is unhappily married or is in another similarly difficult situation. They will provide you with specific strategies for eliciting information at the client intake, how to discuss delicate and emotionally-charged possibilities and planning techniques that will care for the testator’s loved-ones while protecting their assets.
Topics include:
· Questions to ask at the client meeting that will help you elicit the most accurate information
· Will clauses that will protect assets from creditors and former spouses
· Pros and cons various trustees including banks and siblings
· Life estates – how to use them to your clients’ best advantage
· Medicare, Medicaid and life insurance
· Retirement accounts – when to change the beneficiaries and pitfalls to avoid
· Successful tax planning strategies
· How and when to seek a will reformation … and more.
Speakers: Beth C. Manes, Esq.
Manes Weinberg, LLC, Westfield
Alex Clark, CPA, CFE
Marcum, LLP, Roseland
Kenneth A. Vercammen, Esq.
Author ABA Wills & Estate Administration book
List Price: $125.00 USD
https://tcms.njsba.com/personifyebusiness/njicle/CLEPrograms/NJICLEEventsCalendar/MeetingDetails.aspx?productId=49471222
