Description
Understand the importance of having a current and appropriate estate plan in place and avoid potential issues that may be encountered.Many military personnel and their families are unaware of the complex issues they may confront due to frequent changes of assignment and differences in state laws. They may not understand the difference between domicile and home of record and the role it plays in their estate planning. This topic will alert you to the types of issues they may encounter and the importance of having a current and appropriate estate plan in place, both for them and for their families. You will be able to assess the family’s situation and identify the actions to be taken to ensure they and their families are protected should something unfortunate and unforeseen occur.
Date: 2021-10-27 Start Time: End Time:
Learning Objectives
Authority of Family Member(s) or Soldier to Act on Behalf of One Another
• HIPAA Release Forms
• Health Care Power of Attorney
• Advance Directives
• Property/Financial Powers of Attorney
• Unique Deployment Issues
• Standardized Documents vs. Tailored Ones
• Resources
Beneficiary Designations
• Life Insurance Ownership and Beneficiary
• Thrift Saving Plan
• Survivor Benefit Plan
Guardians for Minor Children
• Designate Guardian in Last Will and Testament
• Priority Right of Appointment Determined by State Law
• Deployment Concerns for Single Parents
Probate Avoidance
• Joint Tenant With Right of Survivorship
• Transfer on Death Deed
• Payable on Death Accounts
• Transfer on Death Accounts
• Property Ownership in Two or More States – Multiple Probates
• Living Trust • Pros and Cons
Special Needs Planning
• Government Benefits
• Guardianship of Adult Child With Disability
• Special Needs Trust
• Testamentary
• Stand Alone (Third Party vs. First Party)
Estate Planning Upon Divorce
• Domicile vs. Home of Record
• SSCRA
• Federal Law Determines Spousal Entitlement
• Redo Will, Powers of Attorney, Trust (If Appropriate)
• Update Beneficiary Forms
CLE (Please check the Detailed Credit Information page for states that have already been approved) ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.
Jerry E. Shiles-Parman & Easterday
