It is critical to know what assets the 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 the client align their assets to make the estate plans effective? After the engagement is over, how do we help the clients keep the plans alive and viable with the possible addition of new assets or changes in circumstances?
Course Content
9:30 - 10:15 amWhy 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
10:15- 10:20 am
Break
10:20 - 10:55 am
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
,
10:55 - 11:20 am
Post-Engagement Asset Audits
How often and what questions to ask
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
,
11:20 - 11:30 am
Key Takeaways and 'Ask The Experts' Q&A Session
Karen B. Johnson, Esq.,
Madge & Johnson, PC, Westford
,
Please Note
This webcast is delivered completely online, underscoring their convenience and appeal.
There are no published print materials. All written materials are available electronically only.
They are posted 24 hours prior to the program and can be accessed, downloaded, or printed from your computer.
Speakers
FacultyKaren B. Johnson, Esq.,
Madge & Johnson, PC, Westford
Kerry Reilly, Esq.,
Danger Law, Newton Upper Falls
