Estate Planning

B740 is taught by R. Retzner

This course will explore the various estate planning options available to individuals to enable them to achieve their objectives with respect to the transition of wealth, including closely-held business holdings and charitable giving. The planning discussed will include a range from the basic planning needed by most individuals but then focus on the advance planning techniques recommended for families of considerable wealth. Because such advanced planning is typically necessary due to taxation of wealth, the course includes an introduction to Federal Gift and Estate taxation as well as the Generation Skipping Transfer Tax. The course is designed to assist students in learning about planning for the transition of wealth but will also delve into estate and trust litigation, as well as a limited introduction to the field of Elder Law. The emphasis will be on practical, real-life situations and positive steps available to the lawyer to deal with various situations involving estate planning and business succession planning. Suggested prerequisites or co-requisites for the course include Income Tax and Wills and Trusts. Each student will be expected to have a working knowledge of Wills and Trusts prior to taking the course, but by no means any expertise.

Note: Although this course satisfies the professional skills requirement, grades in the course are determined, in a large part, by a final exam at the end of the course.