(Wealth Advisory and Personal Trust Series, 2017, ABA) Date (2017) February 6-10 Assignment Week 1: Course Introduction and Financial Planning Comprehensive Review Questions, Financial Planning Readings, and Financial Planning Section Review Questions Watch the Get Started introduction to the course site. The link to the recording is in the Welcome announcements. Then print your Course Schedule and go to the Resources area to review the information there. Watch the Exam Prep recording. Tests Take the online Comprehensive Test for Financial Planning (these Check to see which questions you answered wrong on the test. There is an Read Begin reading and studying the Financial Planning workbook. Pay particular attention to the areas you had trouble with on the comprehensive test. Discussions Post any questions you have to the Financial Planning discussion February 10-17 Week 2: Financial Planning Read Complete the Financial Planning readings. Watch the four Financial Planning recordings. Part 1 Estate Planning; One s Estate; Flow of Property at Death Part 2 Domicile and Residence; Personal Finance Considerations; Estate Taxation; Computation of Federal Estate Taxes; Unified Transfer Tax Rate Schedule Part 3 Life Insurance Part 4 Disability Insurance; Annuities; Retirement Planning Tests Take the online Section Review tests for the Financial Planning content. Discussion Post any questions you have in the Financial Planning discussion Copyright 2017 American Bankers Association. All rights reserved. Page 1
February 17-24 February 24- March 3 Week 3: Fiduciary Activities Tests Take the online Comprehensive Test for Fiduciary Activities (these Check to see which questions you answered wrong on the test. There is an answer guide at the back of the workbook with reference to where the information on that topic is found in the workbook. Use the information to Read Begin reading and studying the Fiduciary Activities workbook. Pay particular attention to the areas you had trouble with on the comprehensive test. Watch the first Fiduciary Activities recording. Part 1 Establishing a Trust; Types of Trusts; Reasons for Creating a Trust; Laws that May Affect Planning Discussion Post any questions you have in the Fiduciary Activities discussion Week 4: Fiduciary Activities Read Complete the Fiduciary Activities readings. Watch the second Fiduciary Activities recording. Part 2 Asset Ownership; Fiduciary Duties: Uniform Trust Code; Delegation; Environmental Rules; Liability for Breaches of Duty; Prudent Investor Rule; Precatory Language Tests Take the online Section Review tests for Fiduciary Activities. Discussion Answer Post any questions you have in the Fiduciary Activities Copyright 2017 American Bankers Association. All rights reserved. Page 2
March 3-10 Week 5: Tax Law and Tax Planning, Part 1 Tests Take the online Comprehensive Test for Tax Law and Tax Planning (these Check to see which questions you answered wrong on the test. There is an Read Begin reading and studying the Tax Law and Tax Planning workbook. Pay particular attention to the areas you had trouble with on the comprehensive test. Watch the first two Tax recordings. Part 1 Overview of Current Income, Estate, and Gift Tax Laws; Federal Income Tax Rules Part 2 Fiduciary Income Tax Rules March 10-17 Week 6: Tax Law and Tax Planning, Part 2 Read Continue reading and studying the Tax Law and Tax Planning workbook. Watch Tax recordings 3, 4, and 5. Part 3 Overview of Estate Tax; Property Subject to Estate Tax; Estate Tax Deductions; Valuation; Calculation of Estate Tax Part 4 Gift Tax; Generation-Skipping Transfer Tax Part 5 Basic Estate Planning; Asset Ownership; Guardianships; Powers of Attorney and Health Care Directives; Marital Planning for Spouses; Non- Marital Trusts; Impact of Portability March 17-24 Week 7: Tax Law and Tax Planning, Part 3 Read Continue reading and studying the Tax Law and Tax Planning workbook. Watch Tax recordings 6, 7, and 8. Part 6 Gifts; Annual Exclusion Gifts; Irrevocable Life Insurance Trusts; Split Interest Gifts; Valuation Discounts Part 7 Charitable Planning Part 8 Asset Protection Planning; Post-Mortem Planning Copyright 2017 American Bankers Association. All rights reserved. Page 3
March 24-31 Week 8 : Tax Law and Tax Planning, Part 4 Read Complete reading and studying the Tax Law and Tax Planning workbook. Watch Tax recordings 9 and 10. Part 9 Planning for Retirement Benefits Part 10 Planning for Closely Held Businesses Tests Take the online Section Review tests for Tax Law and Tax Planning. March 31-April 7 Week 9: Investment Management Tests Take the online Comprehensive Test for Investment Management (these Check to see which questions you answered wrong on the test. There is an Read Begin reading and studying the Investment Management workbook. Pay particular attention to the areas you had trouble with on the comprehensive test. Watch the Investments 1 recording Discussion Post any questions you have in the Investment Management April 7-14 Week 10: Investment Management Read Complete the Investment Management workbook readings. Watch the Investments 2 recording Tests Complete the online Section Review tests for the Investment Management content. Discussion: Post any questions you have in the Investment Management Copyright 2017 American Bankers Association. All rights reserved. Page 4
April 14-21 Week 11: Ethics Review Read Review the Ethics section in each workbook. Tests Complete the online Ethics test for each workbook. Research all incorrect answers in the respective workbook: Financial Planning: Section VI Fiduciary Activities: Section IX Tax Law and Tax Planning: Section XIV Investments Management: Section VI Discussion: Post any questions you have in the Ethics Note: There is no separate Ethics recording. April 21-28 Week 12: Sample CTFA Exam/End of Course Requirements Take the Sample CTFA Exams* Complete all tests, including the Sample Exams, if you want to print the course certificate. Please complete the Course Evaluation (you need a Completed status on all tests first) *NOTE: Make sure to review the instructions in Resources for taking tests. You must pass and get a Completed status on all section review tests before you can take the sample exams at the end of the course. Copyright 2017 American Bankers Association. All rights reserved. Page 5