{"product_id":"powers-of-appointment-explained","title":"Powers of Appointment Explained","description":"\u003cp\u003eIn this webinar, presenter Edwin Morrow will explain powers of appointment and their uses in estate planning, including the following:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eHow to differentiate trustee and fiduciary powers from nonfiduciary powers of appointment, and how to recognize them\u003c\/li\u003e\n\u003cli\u003eHow to best exercise powers of appointment and the dangers of appointing to revocable trusts\u003c\/li\u003e\n\u003cli\u003eHow lifetime powers of appointment can be used to shift income tax liability and avoid compressed tax brackets, including how beneficiary deemed owner trusts (BDOTs) work\u003c\/li\u003e\n\u003cli\u003eWhen such powers can affect see-through trust status (and when they don’t) for trusts receiving individual retirement accounts after the Secure Act\u003c\/li\u003e\n\u003cli\u003eHow targeted and formula testamentary powers of appointment can be used to achieve a step up in basis for the most advantageous assets at death, without causing estate tax to be due\u003c\/li\u003e\n\u003cli\u003eHow upstream powers of appointment can be used to achieve a step up in basis step at a parent’s or grandparent’s death, and how to avoid the risks with such strategies\u003c\/li\u003e\n\u003cli\u003eHow powers of appointment that require the consent of another party affect a client’s exposure under state law and bankruptcy law and to estate, gift, and generation-skipping transfer taxes\u003c\/li\u003e\n\u003cli\u003eIssues with adding such powers via decanting or court reformation to pre-existing irrevocable trusts\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eThis course is eligible for 1.0 CFP credit. CFP credit approval will expire on 12\/31\/2026.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003eTo receive certified financial planner (CFP) credit, you must complete a short multiple-choice quiz. You can expect 15-30 minutes to complete the quiz and must earn a passing score of at least 70 percent. Please note the following before you begin:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eThis on-demand program is not eligible for certified professional education (CPE) credit or continuing legal education (CLE) credit.\u003c\/li\u003e\n\u003cli\u003eYou will need to provide the attendance verification code given during the on-demand course and your CFP identification number, if applicable, so have them both ready before starting the quiz.\u003c\/li\u003e\n\u003cli\u003eUpon passing, you will receive an email with your attached certificate. Keep this email for your records.\u003c\/li\u003e\n\u003cli\u003eAfter you have passed the quiz, WealthCounsel will report your credits to the CFP Board within 14 days, if applicable.\u003c\/li\u003e\n\u003cli\u003eIf you need to self-apply or submit information to an organization for other types of continuing education credit, contact shopcle@wealthcounsel.com for the agenda, speaker bio, and written materials.\u003cbr\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cspan\u003eClick \u003c\/span\u003e\u003ca href=\"https:\/\/survey.alchemer.com\/s3\/8973396\/Quiz-Powers-of-Appointment-Explained\" target=\"_blank\" rel=\"noopener\"\u003ehere\u003c\/a\u003e\u003cspan\u003e to start the quiz. \u003c\/span\u003e\u003c\/p\u003e","brand":"WealthCounsel, LLC","offers":[{"title":"Default Title","offer_id":43176473460807,"sku":null,"price":99.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/2081\/2425\/files\/TheElectingSmallBusinessTrust_402644311_1.jpg?v=1788895044","url":"https:\/\/wcstore.wealthcounsel.com\/products\/powers-of-appointment-explained","provider":"WealthCounsel, LLC","version":"1.0","type":"link"}