Course Syllabus

 

Course Description

Navigating the Landscape of Estate Planning: Protecting Your Legacy

Once regarded as a domain exclusive to the opulent, estate planning has evolved beyond being just a buzzword for the affluent. The contemporary world, with its intricate web of financial and personal relationships, has brought to the fore the critical importance of estate planning for one and all.

It's a simple truth: every individual, regardless of the size or nature of their assets, desires to have some control over what happens to their possessions, assets, and, most importantly, their health decisions when they no longer can. However, misconceptions abound, with many mistakenly believing that a basic life insurance policy or a verbal agreement with family members is enough. Such an approach, sadly, leaves many aspects of one's legacy at the mercy of legal systems and, in some cases, the state.

Consider a hypothetical scenario: James, a diligent saver throughout his life, assumes his life insurance policy will cover everything after his passing. He has verbally expressed his wishes regarding his assets to his children. However, on his unexpected demise, disputes arise between family members about the house he owned, his vintage car collection, and his hard-earned savings. Without a written, legally-backed estate plan, James's wishes remain largely unenforceable.

Similarly, in the domain of medical decisions, imagine the anguish of a family, unsure of a loved one's desires concerning life support or medical interventions during a terminal illness. An appropriate estate plan, encompassing a Living Will, can articulate these wishes clearly, preventing such heart-wrenching dilemmas.

It's easy to understand why many shy away from estate planning. Addressing one's mortality and making decisions regarding assets posthumously can be daunting. Others might feel rushed to "get it done" without proper contemplation, a move riddled with potential oversights and mistakes. Yet, the true essence of estate planning is neither morbid nor a hurried checkbox exercise. At its heart, it's a thoughtful process of ensuring that your life's work, values, and desires continue to influence and benefit your loved ones and causes close to your heart.

Course Highlights:

  1. The Basics of Estate Planning: Dive deep into the essentials of estate planning, understanding its significance beyond just the distribution of wealth.

  2. Power of Attorney: Grasp the pivotal role and implications of designating a power of attorney – someone to make decisions when you're unable to.

  3. Crafting Your Will: Navigate the intricacies of establishing a Will in Testament, ensuring that your possessions are allocated as per your desires.

  4. The Living Will: Engage with the nuances of a Living Will, emphasizing your medical preferences in situations where you might be unable to communicate them.

  5. Trust Funds & Charitable Giving: Learn the mechanisms of setting up trust funds and the rewarding process of integrating philanthropy into your estate plans.

  6. Asset Inventory: Acquire strategies to methodically catalog your assets, an indispensable step in the planning process.

  7. Special Considerations for Singles: Delve into unique requirements and considerations vital for individuals without immediate familial dependencies.

Indeed, the process of estate planning can seem overwhelming, but with the right guidance, it becomes a seamless journey of safeguarding your legacy. This course is meticulously crafted to illuminate this journey. By its conclusion, you'll possess a comprehensive understanding of how to ensure your desires, both material and moral, are upheld.

By embracing the knowledge within this course, you're not merely planning for an inevitable end. Instead, you're crafting a legacy, a lasting message of your values, desires, and love for those you leave behind. Thus, with your future affairs set in stone, you can redirect your energies towards the beautiful present, living each day to its zenith.

  • Completely Online
  • Self-Paced
  • Printable Lessons
  • Full HD Video  
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 

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.
  • Summarize estate planning and tax facts.
  • Describe what trusts are.
  • Describe charitable trusts.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 
 

Assessment Guide

Assessment Points
An Introduction 1 points
Lesson 1 Exam 9 points
Lesson 2 Exam 10 points
Lesson 3 Exam 10 points
Lesson 4 Exam 10 points
Lesson 5 Exam 10 points
Lesson 6 Exam 7 points
Lesson 7 Exam 10 points
Lesson 8 Exam 10 points
Lesson 9 Exam 9 points
Lesson 10 Exam 10 points
The Final Exam 47 points
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