It is critical to know what assets our clients have at all stages of the estate planning process. At the beginning, are we talking about and designing the right plan (tax considerations, creditor protection, or MassHealth eligibility)? At the end of the engagement, how do we help our client align their assets to make the estate plans effective? After the engagement is over, how do we help our clients keep the plans alive and viable with the possible addition of new assets or changes in circumstances?
Course Content
9:30 - 10:15 am- Why Do You Need an Asset Audit at the Beginning of the Engagement?
- Tax exposure; Creditor risk exposure; MassHealth eligibility Are any assets located outside of Massachusetts, and if so, what type of assets-real property, personal property, or other? Scope of engagement considerations
- Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
- Break
- Asset Audit at the End of the Engagement (Asset Alignment)
- Titling assets (real v. personal property) or beneficiary designations Tax implications of asset alignment decisions MassHealth impact of asset alignment decisions
- Post-Engagement Asset Audits
- How often and what questions to ask
- Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
- Key Takeaways and Ask The Experts Q&A Session
- Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
- Please Note
- MCLE webcasts are delivered completely online, underscoring their convenience and appeal.
- There are no published print materials. All written materials are available electronically only.
Speakers
Faculty- Karen B. Johnson, Esq., Madge & Johnson, PC, Westford
- Kerry Reilly, Esq., Danger Law, Newton Upper Falls
