This course is a concise and practical guide to what every insurance professional should know about the law of Wills and Trusts - as well as a range of other matters !! while advising others. Before and during the design of a clients estate plan, the professional can provide value as part of the advisor team. In a great many scenarios, life insurance products can play a critical role in assuring the financial security the client is looking for. It is the professionals job and duty to how explain how and why. Getting to a trusted position where that is possible, however, is the challenge. This course is based on real questions, concerns and issues encountered over many years, among people at all economic levels, from modest to quite substantial. There is no better way to build trust, confidence and respect than becoming a source of knowledge on the topics and issues presented here. There is an unfortunate, widespread misconception that wills, trusts and estate planning are subjects of interest only to the wealthy. In fact, an estate plan provides the legal mechanism for disposing of property upon death in a way that recognizes wishes and the needs of ones survivors, while minimizing taxes. To- often, however, estate planning is equated with just estate tax planning. Professionals should be sensitive to personal, nonofinancial issues that are usually of a higher priority. For many, estate planning involves, even more importantly, planning for the handling of affairs in case of disability, and the deeply personal medical choices to be made as life nears its end. Estate planning is not just for rich people. Wills and Trusts are just tools in a larger process. You must be careful not to give legal advice, of course. But you can provide a great service simply by explaining, in general terms, how the moving parts work together.
Upon completion of the course, the student will be able to:
- Know the various methods of disposition of property, with or without a will.
- Understand what the consequences are when one dies intestate.
- Be familiarized with the format of a valid will.
- Know the intricacies of the probate process as well as the duties associated with the role of an Executor.
- Be familiarized with the concept of a trust and its variations.
- Know the advantages and disadvantages of a simple, living trust.
- Understand the ways of disposing property outside of probate. Understand various tax issues.
- Be conversant with ways to use life insurance in estate planning.
Wills and Trusts - California Department of Insurance
- California Department of Insurance
- Website URL:
- Email Address:
- 300 Capitol Mall, Ste.1700
End of Course Instructions
Congratulations! You have successfully completed your continuing education course. 360training or a 3rd party affiliate of 360training will report your credit hours to the Department of Insurance within 15 days. You may also now print your completion certificate online. Keep in mind that certificates of completion must be kept on file for 5 years.
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