ESTATE PLANNING & LIVING TRUSTS IN CALIFORNIA
This course offers a comprehensive, practical guide to estate planning and the creation and management of living trusts in California. It will equip participants with the tools and knowledge necessary to effectively plan for the distribution and protection of assets, reduce probate costs, and ensure the seamless transfer of wealth to future generations. By focusing on practical applications rather than legal theory, this course is designed for individuals who want to understand the estate planning process and professionals looking to expand their knowledge in this area.
Participants will gain insight into the steps involved in estate planning, the legal frameworks in California, the role of trusts and wills, and strategies for minimizing tax liabilities and avoiding probate.
Course Objectives:
By the end of the course, participants will be able to:
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Understand the key components of estate planning in California and their legal implications.
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Identify the different types of living trusts and determine the most suitable one for their needs.
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Create, amend, and manage living trusts, wills, and powers of attorney in compliance with California laws.
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Understand strategies to minimize estate taxes, avoid probate, and ensure smooth wealth transfer.
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Protect assets from creditors, lawsuits, and unforeseen financial risks.
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Understand the role of executors, trustees, and beneficiaries in estate administration.
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Plan for incapacity and long-term healthcare needs through legal instruments like advance healthcare directives.