Strategies and Tax Tips for Dragging Your Children Into Financial Independence
Online
8.00 Credits
Member Price $289.00
Price will increase by $35 after 6/9
Non-Member Price $414.00
Price will increase by $35 after 6/9
Overview
In an era of shifting job markets, high living costs, and financial setbacks, many young adults remain financially dependent on their parents well into their 30s. This course addresses clients’ concerns about their children’s and grandchildren’s financial stability, offering strategies that integrate federal taxation with comprehensive financial planning. Participants will explore wealth accumulation, capital preservation, and estate distribution techniques to help their clients guide younger generations toward financial independence.
By addressing common financial planning pitfalls and essential tax planning principles, this course equips participants to educate and empower young adults. Topics include college financial planning, risk management, and dynasty trusts as tools for building financial resilience across generations.
Objectives
At the end of this course, you will be able to:
- Discuss financial and tax planning strategies designed for parents and grandparents to foster financial independence in their children and grandchildren.
- Explain the principles of goal-setting and the time value of money to younger generations.
- Analyze parental strategies to guide children toward financial stability.
- Evaluate college financial planning options and alternatives.
- Identify financial planning mistakes from previous generations that Gen X, Y, and Z should avoid.
- Utilize dynasty trusts as a tool for long-term wealth preservation.
- Address risk management considerations in financial planning.
Highlights
- Teaching goal-setting skills to children
- The time value of money and its importance in financial planning
- Parental strategies for promoting financial independence
- College financial planning: costs, options, and alternatives
- Financial planning pitfalls to avoid for Generations X, Y, and Z
- Dynasty trusts as a tool for financial independence and estate planning
- Risk management in financial planning for younger generations
- Incorporate tax-efficient wealth transfer strategies across generations.
- Tax-efficient wealth transfer strategies across generations.
Designed For
CPAs, EAs, attorneys, financial planners, insurance agents, and bankers
Prerequisites
Basic
Preparation
None
Notice
To access this program, log into your CTCPA account at https://www.ctcpas.org/my-cpe/upcoming and click on the orange "Launch Event" button.
Leader(s):
Leader Bios
Arthur Werner, President, Werner-Rocca Seminars, Ltd.
Arthur Joseph Werner, JD, MS (Taxation), is the president and is a shareholder in the lecture firm of Werner-Rocca Seminars, Ltd. Mr. Werner’s lecture topic specialties include business, tax, financial and estate planning for high net worth individuals.
In addition, Mr. Werner is a former adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University.
Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School.
Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners and has presented more than 3000 eight-hour seminars over the past twenty-five years as well as numerous webinars and video presentations. Mr. Werner has been rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Non-Member Price $414.00
Member Price $289.00