Estate Planning: Principles and Practice

Section 1, Spring 23

Schedule Information

Enrollment: 12/16
Credits: 3
Days* Time Room Start Date End Date
  • R
  • 1540-1740
  • WB114
01/26/2023 04/27/2023
*“R” means Thursday

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 legacy planning, the use of trusts, and generation-skipping planning; asset protection planning; how to protect the settlor’s intent while also building flexibility into the estate plan; planning for the surviving spouse, including marital trusts, credit shelter trusts, and portability; charitable planning, including the income tax and estate tax charitable deductions, and various types of charitable trusts and other charitable vehicles; techniques for making tax-efficient 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. There will be a fair amount of emphasis on tax issues.

Course Requirements

Exam Info:
Final Type (if any): None
Description: None

Written Work Product
Written Work Product: To assist students in developing the professional skills needed by an estate planner, students will be expected to prepare estate planning documents for hypothetical clients throughout the semester. The final project will be a planning memorandum for a client with a challenging estate planning situation. The memo will be due via EXPO by noon on the last day of the exam period..

Other Work

Other Course Details
Prerequisites: 2L or 3L JD Status. Not required, but helpful to have one or more: Trusts and Estates; Advanced Trusts and Estates; Federal Income Tax; Federal Taxation of Gratuitous Transfers. Because the credits in this course count toward the JD Program Professional Skills requirement, JD candidates will be given enrollment priority for this class. Concurrencies: None
Mutually Exclusive With: None
Laptops Allowed: Yes
First Day Attendance Required: Yes
Course Resources: To be announced.
Course Notes:

Graduation Requirements

*Satisfies Writing Requirement: No
**Credits For Prof. Skills Requirement: Yes
Satisfies Professional Ethics: No

*If “Yes,” then students are required to submit a substantial research paper in this course, which means students do not need to submit any form to SRO for this paper to meet their upper-level writing requirement. If “No,” then students must submit a “special request” e-form to SRO (available via LawWeb) no later than five weeks after the start of the term for a paper in this class to be counted toward the upper-level writing requirement.

**Yes indicates course credits count towards UVA Law’s Prof. Skills graduation requirement, not necessarily a skills requirements for any particular state bar.

Schedule No.
Law No.
Modified Type
Cross Listed: No
Cross-Listed Course Mnemonic:
Concentrations: Family Law, Tax Law
Public Syllabus Link: None
Evaluation Portal Via LawWeb Opens: Friday, April 21, 12:01 AM
Evaluation Portal Via LawWeb Closes: Sunday, April 30, 11:59 PM