The Certified Integrated Wealth Strategies Advisor™ Series – Southern California Institute Wealth Strategies Education & Advisor Resources

FEC241: Wealth Transfer Planning Strategies Survey
FEC242: Affluent Integrated Wealth Transfer Planning – (for the 1%)
FEC243: Integrated Wealth Planning – Case studies
FEC244: Income Tax Planning Strategies Survey
FEC245: Affluent Integrated Income Tax Planning
FEC246: Integrated Wealth Transfer & Income Tax Planning – Case studies

Course Descriptions

FEC241: Wealth Transfer Planning Strategies Survey

Ninety nine percent of all Americans just need Estate Planning. So, why do most estate plans fail? What makes a good estate plan? It is as easy as 1, 2, 3! This course covers: tax basis rules, the disadvantages of joint tenancy, the pros and cons of gifting, beneficiary designations, Estate Taxes, Conservatorship, Probate, Powers of Attorney, planning for minors, Trustee Duties & Liabilities, Life Insurance, as well as Irrevocable Life Insurance Trusts and how they really work. The importance and the power of collaborative planning as well as opportunities for financial planners and accountants in estate planning is a central theme.

What is affluent? Are affluent clients unlike other clients? Should the process for dealing with an affluent client be different? Understand the critical importance of a collaborative team and a collaborative process, why affluent clients have a unique concept of money, the notion of “it is not what it’s about”, third party credibility, “shining the light”; and the value of proper referrals and referral protocols. This course deals with how to minimize the wealth (estate) tax through charitable giving and discounting techniques. Learn the alphabet soup, e.g., Charitable Remainder Trusts (CRT), Charitable Lead Trusts (CLT), Qualified Personal Residence Trusts (QPRT), Grantor Retained Annuity Trusts (GRAT), Intentionally Defective Trusts (IDIT), Self-Canceling Installment Notes (SCIN), Family Limited Partnerships (FLP), Captive Insurance Companies (CIC), and Asset Protection Trusts (APT) as well as how the “funding” of these plans is critically important.

As with all advanced planning techniques, learning by doing creates in depth understanding through shared experience. These case studies demonstrate how to help actual Wealth Transfer Planning clients through authentic case facts to cement your knowledge and ability. Discover typical opportunities, traps, pitfalls, and the collaborative advantage by reviewing facts and brainstorming possible solutions individually and in interdisciplinary groups.

Review income tax laws for individuals, trusts, and businesses as well as how they affect the choices clients make in reporting, ownership, and investments.

Advanced income tax planning is for more than business owner clients. Review the possibilities to help clients reduce or eliminate Federal and/or State taxes on capital gains, income, and other transfers through: Business Entity, Trust, Ownership, Charitable, Retirement, Insurance, and Captive Insurance Company planning.

These Integrated Wealth Transfer & Income Tax Planning case studies demonstrate how to help clients through authentic case scenarios from Institute member practices to cement your knowledge and ability. Discover typical opportunities, traps, and pitfalls that come up when integrating Income Tax and Wealth Transfer techniques. The collaborative advantage of reviewing facts and brainstorming possible solutions individually and in interdisciplinary groups demonstrates the “how to’s” of working with your own advisors and your future clients.

The Southern California Institute helps Wealth Advisors and clients through Successful Family and Business Owner Events, Wealth Advisor Education Programs, Wealth Advisor Partnering Programs, and Speakers Bureaus.