Select Estate and Life Planning Issues for the Middle-Income Client (PMI4)
4.00 Credits
Member Price $175
Non-Member Price $225
Overview
Clients think that estate planning only applies to the very rich. In truth, there are many issues of critical concern for which the middle-income client needs to plan. This course is a must-attend for all Accounting and Financial Professionals who work with middle-income clients and are looking for ways to provide additional quality services. Updated for developments relative to estate tax changes.
Highlights
- Changes to the lifetime estate tax exemption in light of proposed regulations SECURE 2.0 updates
- More than 20 documents that should be reviewed that are neither a will nor trust
- Provisions you need in a will
- Trusts and other arrangements for children
- Durable powers of attorney for healthcare and for financial matters
- Realistic retirement goals
- Developments relative to estate tax, and the implications for planning
Prerequisites
None
Designed For
Accounting and Financial Professionals who advise clients on estate planning
Objectives
Understand various documents used in estate planning Identify use of trusts and other financial arrangements Know what issues clients confront, and potential solutions
Preparation
None
Leader(s):
Leader Bios
Don Cochran, Nichols Patrick CPE, Inc.
Don Cochran, JD, CPA, CFP®, CRC® is a solo practitioner in Apple Valley, Minnesota. His 32 years of practice has been focused primarily in the areas of small business legal and tax consulting, and individual tax, estate, and financial planning.
Don has practiced law in both Iowa and Minnesota, was a CPA with the Small and Emerging Business practice of then Big 8 accounting firm, in Bloomington, Minnesota, and was the Vice President of Tax and CFO with various privately and publicly held companies. He also served as an advanced sales consultant with Securian Financial, Nationwide Financial, and Pacific Life Insurance Company. He developed and provided continuing education on tax and legal planning strategies for small to medium size businesses and wealthy individuals, and worked with insurance wholesalers and financial advisors to understand and implement financial strategies geared towards asset preservation and income in retirement.
Don earned his undergraduate degree, a Bachelor of Science in General Science, from the University of Iowa, Iowa City, Iowa, and graduated from the University of Iowa College of Law with his Juris Doctorate. In addition to being an attorney and Certified Public Accountant, he maintains his designations as a Certified Financial Planner®.
Non-Member Price $225
Member Price $175