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Personal Financial Planning 1: Concepts and Principles Personal Financial Planning 1: Concepts and Principles This course introduces the concepts and principles of personal financial planning. The initial assignment describes the steps in the personal financial planning process and the importance of formulating quantifiable client objectives. It also describes sources of information and tools used by the planner. Other assignments provide an overview of a distinct planning area in the financial planning process: insurance, investments, retirement planning, income taxation and estate planning. Subsequent assignments concentrate on life and health programs, property and liability converges, long-term care plans, equity analysis, investment strategy, retirement investment products and planning strategies. This course also describes relevant ethical issues and principles of professionalism required of the financial planning practitioner. Personal Financial Planning 2: Tax and Estate Planning Techniques This course, which is complementary to Personal Financial
Planning 1, concentrates on the two subject areas of income taxation
and estate planning. These concepts are applied to special
situations, and techniques are described for minimizing taxes and
achieving client objects. Income tax saving techniques are presented
that are relevant to the individual taxpayer. Planning for
retirement plan distributions also is explored. The transfer tax
system is described covering both estate and gift taxes. The probate
process, strategies for gifting and the marital deduction also are
covered. Further management of property and its disposition is
described with use of such relevant tools as revocable living
trusts, wills and will substitutes. This course also reviews various
business structures and the special issues associated with creation,
retention or disposition of a business interest in a family's
financial planning.
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