Spring 2014
    Law No.: LAW8655
    Sched. No.: 114218983

Estate Planning: Principles and Practice
Section 1
Fox, Charles D.
Hilles, Elizabeth L.

Administrative Information:
During SIS enrollment, check on SIS for real-time enrollment numbers
Days, Times (Room):T, 1600-1800 (WB114)
Capacity:16 **This information is current as of 04/21/2014 06:15:12 AM**
Current Enrollment:16 **This information is current as of 04/21/2014 06:15:12 AM**

Course Description:

This course will examine the principal tax and non-tax aspects of estate planning with an emphasis on the professional skills needed by an estate planner. Topics to be covered include premarital planning; planning for the surviving spouse and descendants including marital trusts, credit shelter trusts, and generation-skipping planning; asset protection planning; charitable planning including the income tax and estate tax charitable deductions and split interest charitable trusts such as charitable remainder trusts and charitable lead trusts; techniques for making gifts including annual exclusion gifts, irrevocable life insurance trusts, grantor retained annuity trusts, sales to defective grantor trusts, and qualified personal residence trusts; fiduciary income tax; planning for closely held businesses; planning for retirement benefits; and ethical considerations in estate planning.

ATTENDANCE REQUIREMENT: Enrolled students who do not attend the first class session will be dropped. Students seeking to enroll in this course must attend the first class session.
COURSE REQUIREMENTS: To assist students in developing the professional skills needed by an estate planner, students will be expected to draft two wills, a trust for a wealthy client, and a planning memorandum for a wealthy client with a challenging family and financial situation. Students will work in teams of two on drafting one of the wills, the trust for a wealthy client and preparing the planning memorandum.

This course is on the professional skills course list.