(WINTER 2010)

An elective course in the Certificate Program in Personal Financial Planning.
The objective of this course is to equip the practitioner with a variety of cutting edge planning strategies and techniques for the high-net-worth client. This course will differ from other advanced planning courses in four important ways: 1) It will provide the financial planning practitioner with a review of both domestic and offshore asset protection strategies; 2) Where appropriate, it will also make California income, estate, and gift tax planning distinctions, which are often omitted entirely in other financial planning coursework; 3) It will be heavily concentrated on the planning needs and objectives of taxable high-net-worth clients; 4) Finally, it will be conducted in a format that permits practitioners to get a practical, hands application based understanding of the latest high-net-worth planning devices, techniques, and strategies. This course will provide the practitioner with a more in depth review of the following: Business planning for closely-held entities; Succession planning for family businesses; Valuation freeze techniques-QPRTS, GRATs, GRUTs, intentionally defective grantor trusts, and the Chapter 14 rules; Asset protection considerations in financial planning; Planning with family partnerships and family LLCs; Deferred compensation and business life insurance planning. Prerequisite: Students must have completed the Income Taxation and Estate Planning courses or have equivalent coursework or experience. See enrollment confirmation for login information.

Richard C. Watson III, Esq, MSFS, CFP, ChFC, CLU, AEP, EA, is a Wealth Planning Strategist and Business Succession Planning Specialist at Wells Fargo Bank in Newport Beach, California, where he works on fianncial and business planning engagements for ultra-high-net worth families.