Steps and Missteps in Estate Planning

When:  Mar 18, 2021 from 12:00 to 13:00 (ET)
The March 2021 Financial Counseling call with AFCPE and FPA will be held on Thursday, March 18th at 12 pm ET.

Guest speaker Mark Prendergast will be presenting will be presenting, "Steps and Missteps in Estate Planning."

First, it is more important to have a plan than it is to have a bunch of documents executed.  Some people can’t afford an attorney, and still they can have a plan.  We will review the purpose of the three and sometimes four basic estate planning documents:  Will, Financial Power of Attorney, Advanced Health Care Directive, and sometimes a Revocable Living Trust.  In addition, we will look for cost-effective alternatives such as proper titling of assets and updated beneficiary designations.  Addressing a more advanced planning technique, we will do a short Case Study on a married couple, having one spouse die first, funding a Marital Trust, and how that might look for the surviving spouse.  Throughout the presentation, we will identify pitfalls or “missteps” that can happen along the way.

Learning Objectives

  1. Discuss the essential estate planning documents
  2. Discuss steps to take to avoid probate proceedings, if desired
  3. Discuss things that can and will go wrong, and why they do

Mark Prendergast has 40 years of experience in tax, estate and financial planning. He started his career working for Ernst & Whinney, then Price Waterhouse, before venturing out on his own in 1986. His education includes a Masters of Science Degree, Personal Financial Planning. Mark regularly teaches on income tax, estate and divorce topics at professional conferences (FPA, NAPFA, CalCPA, WealthCounsel, Institute for Divorce Financial Analysts).

Mark serves on the Editorial Review Board for the Journal of Financial Planning (2002-current) and on the Advisory Board for The Center for Investment and Wealth Management at the Paul Merage School of Business at UC Irvine. In the past, he served on the national Board of Directors for the Financial Planning Association (FPA) from 20112013, as well as volunteering at local chapter, regional, and statewide FPA leadership positions.


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