Financial Planning Questions

I'm sure this section will build in to something I will be proud of, but here is where I will post questions I could imagine future clients might as a financial planner.

Insurance Planning

When will a life insurance contract become effective?

What are the four ways to deal with risk?

Investments

What is the difference between A shares, B shares, and C shares?

Retirement Planning

Estate Planning

What is a living will?

What is a power of attorney?

What is a durable power of attorney?

What is a side instruction letter?


How can a married couple convert community property into separate property when property is held in a community property?

What happens when a married couple moves from a community property state (like California) to a common law, or separate property, state?

What assets go around the probate process and transfer to a named beneficiary via State Contract Law?

What assets go around the probate process via State Titling Law?

What property must go through probate for retitling?

What are the advantages to the probate process?

What are the disadvantages to the probate process?

If a decedent owns a life insurance policy on his own life, at what value is it included in his gross estate?

What value of a straight single life annuity is included in a decedent annuitant's gross estate?

How is real estate valued for purposes of inclusion in a decedent's gross estate?

How are publicly traded common stocks valued for purposes of inclusion in a decedent's gross estate?

When is a decedent's federal estate tax return due?

Tax Planning

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