TWIN CITIES ESTATE PLANNING COUNCIL

This estate planning course is tailored for business owners, offering a comprehensive guide on incorporating life insurance into their estate strategies. It delves into structuring effective buy-sell agreements and key person policies essential for safeguarding business continuity. The course also underscores the necessity of periodic reviews and updates of insurance policies, ensuring they align with the business's and its owner's evolving needs. We will also discuss how long-term care planning is a crucial aspect often overlooked in business-centric estate planning. Through practical case studies, business owners are equipped with the knowledge to make informed decisions, balancing personal and business interests in their estate plans.

Learning Objectives

By Attending this Session attendees will…. 

1. Acquire knowledge about irrevocable life insurance trusts (ILITs), including their purpose, benefits, and the types of insurance policies that fund them, to effectively advise clients on asset protection, estate tax planning, and the role of life insurance in estate planning.
2. Develop an understanding of the importance of regular review and adjustment of existing insurance plans in estate planning, including assessing coverage levels, beneficiary designations, policy performance, and responsiveness to tax laws or regulations changes to ensure alignment with the client's evolving financial situation and goals.
3. Explore additional estate planning options beyond traditional strategies, such as premium financing, buy-sell agreements, life insurance for estate equalization, key person plans, and long-term care planning, to understand their potential benefits and applicability in addressing specific client needs and goals.

Registration, Networking, and Breakfast: 7:30 am
Presentation Begins: 8:00 am
Program Ends: 9:00 am

Anticipated CE: 1 CFP®, 1 MN Insurance & 1 CLE Credit