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Course Description




Estate planning was once a buzz phrase reserved only for the wealthy. However, today many people are beginning to realize that estate planning is important for everyone. Anyone who has assets, no matter how small or wants their medical wishes carried out should have an estate plan. If you have no easily identifiable heirs, the lack of a proper estate plan and/or will could result in all your property ending up in the hands of the government rather than in the hands of those you designate. Your life insurance policy may clearly assign the beneficiaries of that money, but it does not account for the other assets you may have, including cash, your home, real estate, car, bank accounts, valuable collections and other belongings. Without a proper estate plan you could be kept on life support indefinitely, or be forced to endure painful life saving procedures that would only serve to prolong a debilitating terminal illness. Some find the idea of estate planning morbid or negative and prefer to ignore it rather than think about it, but this is simply avoidance of the facts of life. Others take a "lets just get it over with" approach to estate planning; this is also not recommended because errors could be made when creating a "rushed" plan.

 

It is wise to put a well thought out estate plan in place that you feel confident about, put it aside, and get about the business of living and enjoying your life.  It will give you peace of mind to know that when the time comes your assets will be distributed as you desire and your medical wishes will be carried out in accordance with your beliefs. Creating a simple estate plan is much easier than you think and can be done in a relatively short period of time, if you know how.  This course will teach you how. You will be given information on particulars of estate planning such as how-to properly plan for the future distribution of your assets, how-to establish a power of attorney, create a Will in Testament and prepare a Living Will. This course will also cover trust funds, how best to incorporate charitable giving into your plan and how-to take proper inventory of the assets you have now. Lastly, there is a lesson for singles and their special requirements.
 
Making full use of this course, in its entirety, is the first step in setting your future affairs in place so that you may fully focus on enjoying your life to the fullest.

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Topics

 
  • Lesson 1: Estate Planning Basics
  • Lesson 2: Why Estate Planning is Important for Everyone
  • Lesson 3: The Major Elements of Estate Planning
  • Lesson 4: Taking Inventory of Your Assets
  • Lesson 5: Does Everyone Need a Will? Yes!--Here's Why
  • Lesson 6: Estate Planning and Tax Facts
  • Lesson 7: What You Need to Know About Trusts
  • Lesson 8: Speaking to Loved Ones and Friends about Your Estate Plan
  • Lesson 9: Charitable Trusts
  • Lesson 10: Estate Planning for Singles
  • Lesson 11: Course Conclusion

Course Materials

All course material is provided in this class. There is no need to buy additional resources.

Grading Policy

Each lesson will include a written and practice assignment that will directly apply what you have learned.

A brief 25 pt. quiz will follow each lesson. Students will successfully complete this course by mastering all learning outcomes with 70% or higher overall grade.

Learning Outcomes

By successfully completing this course, students will be able to:
  • Describe why estate planning is important for everyone.
  • Describe the major elements of estate planning.
  • Take inventory of your assets.
  • Describe why a will is important.
  • Know estate planning and tax facts.
  • Describe what trusts are.
  • Describe charitable trusts, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 

Assessment Guide

Assessment Points
An Introduction1
Lesson 1 Exam9
Lesson 2 Assignment: Making Decisions2
Lesson 2 Exam10
Lesson 3 Assignment: Handwritten Wills2
Lesson 3 Exam10
Lesson 4 Assignment: Asset Inventory2
Lesson 4 Exam10
Lesson 5 Assignment: Identifying Excuses2
Lesson 5 Exam10
Lesson 6 Assignment: Avoiding Taxes2
Lesson 6 Exam7
Lesson 7 Assignment: Trust Options2
Lesson 7 Exam10
Lesson 8 Assignment: Estate Discussions2
Lesson 8 Exam10
Lesson 9 Exam9
Lesson 10 Assignment: Matching Vocab.25
Lesson 10 Exam10
Lesson 11 Assignment: Goal Setting1
The Final Exam47
Total Points:183

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