Why you should have one, and what happens if you don’t.
March 22, 2013 • 2:00 p.m. - 3:00 p.m. E.D.T.
Randy Gardner, J.D., LL.M., MBA, CPA, CFP®
It’s a common myth that estate planning is only for wealthy families. But the fact remains that estate planning is not about the value of what you own, but the way you value what you have. Many Americans are not aware that the lack of proper planning often results in chaos for those left behind – especially if a family business is involved. Recent surveys show that three major reasons clients plan are to minimize discord among heirs, to avoid lengthy probate courts, and to protect children from mismanaging their inheritance.
Nationally-known estate planning attorney Randy Gardner explains the fundamentals of estate planning using terms you can understand. Gardner will also discuss:
- Why everyone over the age of 18 should have an estate plan or will.
- Why couples with young children must have an estate plan addressing guardianship.
- Why it's necessary to plan for incapacity that enables another person to make health care decisions.
- How a Revocable Living Trust can help your beneficiaries avoid costly probate and delays.
- How to avoid the pitfalls of using do-it-yourself wills and estate planning forms.
About the Speaker:
Since 1983, Randy has served as an independent, fee-only tax, financial, and estate planning adviser for thousands of individuals and their advisers. He was formerly a tax and wealth management adviser with Arthur Young (now Ernst & Young LLP). Randy Gardner is also a Professor of Tax and Financial Planning, Director of the Certificate in Financial Planning Program at the University of Missouri - Kansas City, and nationally-recognized continuing education discussion leader for CPAs, attorneys, and financial planners. He is coauthor of the books, 101 Tax Saving Ideas and Tools and Techniques of Income Tax Planning, and co-editor of WealthCounsel Estate Planning Strategies. In 1997, he was recognized as Educator of the Year by the Missouri Society of CPAs.