Understand how to deal with probate and bankruptcy issues to help protect your clients.
Peoples lives change. How they handle their assets and their concerns for loved ones can play a huge difference after their deaths. Thoughts of bankruptcy, asset protection, promises kept to loved ones, new issues arising from changes after estate planning has been completed all come into play when dealing with death, probate and the bankruptcy court.
This topic will help you make the decisions to guide your clients to the best protections of their assets, their intent to treatment of family and loved ones and how it all relates to state probate court and the federal bankruptcy court. This content will explain the differences between two recent U.S. Supreme Court cases that dealt with estate planning and the later bankruptcies of the loved ones sought to be protected. Failing to achieve your clients goals of providing for their families to the determinant of their creditors casts a cloud over estate planning. This information is critical to protect your clients wishes especially from unforeseen bad judgments of their loved ones.
- You will be able to identify possible bankruptcy issues in estate planning.
- You will be able to recognize how state laws and the procedures for setting up estate planning can make a difference in probate and bankruptcy law.
- You will be able to explain why the proper formation of trusts and estate planning can avoid issues in both probate and bankruptcy courts.
- You will be able to review your clients needs and advise them to protecting their assets in light of any situation in probate or bankruptcy court.