CAPP? |
|
What is CAPP? The CAPP™ is a one of a kind designation given to advisors that complete a eighteen-hour educational course and pass a 180-question multiple choice examination and a two (2) question essay examination. The course is focused on the more specific topic of asset protection. Asset protection is almost a completely ignored topic by estate planning attorneys and CPAs/accountants and by financial planners, insurance advisors and real estate brokers/agents. While the topic is almost completely ignored by most advisors, the topic is fast becoming the most important topic to any client that has a significant income ($150,000 or more a year) or a client that has a net worth in excess of $2,000,000. Most advisors that call themselves asset protection experts really do not deal with complete asset protection. Most asset protection specialists simply deal with protecting professional clients from obvious creditors like the patient who sues a doctor, a client that sues an attorney, CPA, accountant, financial planner, architect or stock broker. There are other creditors out there that an asset protection attorney needs to protect their clients from. Those other creditors are the federal and state governments that are trying to take as much of a client’s money as possible via income and estate taxes and gift taxes. Also, the government dictates that clients must divest themselves of nearly all assets before receiving aid for nursing home assistance. Finally, the client can lose money to every day expenses should he/she not have an adequate amount of disability insurance. The WPI definition of a creditor is any person or entity that can take a client’s money through the means of a lawsuit or through a state or federal statute. The topics covered in the CAPP™ course are as follows: -Asset Protection Part I Pre-requisites: Basic Estate Planning, Disability Insurance, Life Insurance The information on this page was produced by the Wealth Preservation Institute |