Reference no: EM133115263

FIN8200 Financial Planning Technical Knowledge and Analysis - Conestoga College

Assignment - Estate Planning

Assignment Instructions:

Thoroughly read the Case Study for Duncan & Leslie Plant and complete the following:

For presentation to the client (max.2 pages(not including appendix), 12 pt font, double spaced):

Estate Planning Analysis, including:
• Summary of what estate planning is and why it is important, including:
o Wills/POA
o Taxes
o Trusts
o Life insurance
• Current situation for the Plants (without changes will clients achieve estate planning goals) HINT: Assignment 6
• Specifically, what are your recommendations to change the current situationin order to achieve estate planninggoals? Beyond life insurance, what else could the Plants do now to refine their estate plan?

Plant case study.

Three primary goals for the plants.
The three primary goals for the plants include:
i. Saving for retirement.
ii. To plan for more investment
iii. To save for Ashley university education.
According to my point of view,these are the most suitable smart goals for my clients

1. For retirement planning,It is critical to record their present income while planning for retirement. Similarly, their anticipated retirement age is also crucial. Their way of life as well as their retirement package should be considered and captured.

2. In order to save for an Ashley university education, the cost of schooling in today's dollars should be considered. Ashley's study period, which lasted four years, should also be documented.

3. Details on their present savings and investment funds should be recorded in order to plan for their investments. In addition, their proposed investments should be recorded.

Attachment:- Assignment - Estate Planning.rar