Estate Planning

Catalog description

The course grade is based entirely on the preparation of four written projects typical of those required of an associate in an estate planning firm that represents high net worth individuals. These projects are: 1. Preparation of a family gifting plan. 2. Preparation of a comprehensive estate plan for a married couple, including the drafting of the necessary legal documents. 3. Preparation of a charitable gifting plan 4. Preparation of a federal estate tax return Initially, class time will be devoted to training students in how to apply concepts learned in the courses in Wills and Trusts, Federal Income Tax I, Estate and Gift Taxation, and Professional Responsibility, to the solution of actual client problems. Following the completion of each project, detailed written feedback will be provided both on the projects themselves as well as oral feedback n class so that the students will be better prepared to undertake subsequent projects. Principal skills emphasized are client counseling, legal drafting, and related ethical considerations.