Learning Objectives:
- Explain the importance and benefits of Will Writing
- Describe the process of estate settlement
- Use the Will to speed up the settlement process
- Design the contents of the Will
- Design total financial planning and business insurance solutions for their clients using Will Writing
Course Outline:
- Introduction to Will Writing
- The estate planning process
- The benefits of Will Writing
- Intestate Succession Act
- Formalities of the Will
- The types of appointment in the Will
- The persons to be included in the Will
- Needs of Beneficiaries versus Estate of deceased
- The various methods of distribution
- Testamentary Trust
- Law relevant to estate planning
- Will Writing Fact Finder
- Presentation to individual on Will Writing
- Practical case study on a high net worth individual using insurance to meet the Needs of beneficiaries
- Identifying potential prospects
- Prospecting tracks
- Handling objection
- Compliance and administration requirement
LIA CPD Hour: 12 hours (50% Knowledge, 50% Skills)