Synopsis
Estate Planning: Preparing Your Will provides an introduction to wills and trusts.

Audience
This course is for anyone who is interested in learning more about estate planning.

Time
4 hours

Product Code: EPLC03
After completing Estate Planning: Preparing Your Will the user should be able to:

Describe the disadvantages of dying without a will
Explain the function of probate court
Identify the main parts of a simple will
Create a distribution plan of his or her assets
Distinguish between the functions of a will and a trust
Select a trustee
Recognize the relative benefits of different types of trusts

Why Have a Will?
Dying intestate is about as bad as it sounds
Estate exceptions
How the state determines your heirs
The state specifies the guardian too

The Simple Will
Determining legal residence
Introduction to the simple will

Distributing Your Assets
Distributing your worldly goods
The specific devise
The residuary devise

Introduction to Trusts
Who needs a trust?
Trust lingo
Selecting a trustee

Trusts and Wills
Comparing trusts and wills
Who does not need a trust?
The testamentary trust

Living Trusts
The living trust
Funding the living trust
Downsides to the living trust

This course has the following features:

Exercises that allow users to practice the skills needed to prepare an estate plan
A file containing the text of the exercises
A file containing the text of the legal documents presented in the course
Activities that allow users to apply concepts in an interactive questioning environment
A glossary
A Skill Assessment

Estate Planning: Starting an Estate Plan (EPLC01)
Estate Planning: Sorting Out Your Assets (EPLC02)