Estate Planning Foundations is a one-time, two-hour class that will familiarize you with basic estate planning concepts and demystify the estate planning process so that when we meet to discuss your individual situation and goals, you will have a comfortable familiarity with how the various components of an estate plan work. Estate Planning Foundations covers the following topics:
- What is an estate plan?
- Basic estate plan components
- Estate planning vs. financial planning
- Who gets to make decisions for you and your family?
- What happens if you have no plan (intestate)?
- What happens if you have an overly-simplified plan?
- What is a well-crated plan, and why does it matter?
- What is probate?
- The probate process
- Drawbacks of probate
- Benefits of probate
- Avoiding probate with joint accounts
- Avoiding probate with beneficiary designations
- Avoiding probate with TOD (Transfer on Death) deeds
- Avoiding probate with a revocable living trust
- What is a revocable living trust?
- How a revocable living trust works
- What goes inside your trust?
- Who gets what's inside your trust?
- What's not inside your trust?
- Cast of characters in a trust
- How to choose a successor trustee and other fiduciaries (people to act for you)
- Co-trustees and co-agents
- Health care agents vs. financial agents
- Professional fiduciaries and corporate trusees
- Categories of trusts
- Will-based plan vs. trust-based plan: Which is right for you?
- Key differences between a will-based plan and a trust-based plan
- How the estate planning process works
Tuition for Estate Planning Foundations is $25 per person. If you are planning as a couple, you must both attend. Tuition is non-refundable, but if you choose to plan with Twain Harte Law, 100% of your Estate Planning Foundations class tuition will be applied to your plan fee in full.
Ready to learn more?
Sign up here for the next Estate Planning Foundations class!
