Estate Planning and Taxation

Catalog description

In this course, students will learn the planning techniques, ethical and professional considerations, legal issues, tax consequences, and practice considerations associated with trust and estate planning and administration. Subjects include planning and drafting techniques focused on meeting client goals, minimizing federal taxation, maximizing asset protection for clients and the beneficiaries of their estates and trusts, maximizing the availability of governmental resources and minimizing the risk of family disharmony in the administration of trusts and estates. This course will also focus on estate planning for a client's mental disability through "advance directives," including financial powers of attorney, healthcare powers of attorney, living wills, and do not resuscitate directives ("DNRs"). Prerequisite(s): Taxation of Individual Income; Decedents' Estates and Trusts. Graded.