Have students exhibit an in-depth knowledge of the structure and 
principles underlying federal estate and gift taxation and the 
income taxation of estates and trusts.  They are evaluated 
bymeans of problem assignments, papers, quizzes, and written 
examinations.

I.  Introduction to Estate Tax
a.  Property Owned Transfers
b.  Joint Tenancies
c.  Life Insurance

II.  Reserved Life Estate
a.  Powers to Alter
b.  Transfer Geared
c.  Annuities
d.  Powers of Appointment

III.  Deductions
a.  Expenses, Indebtedness and Taxes and Losses
b.  Charitable Deduction
c.  Marital Deduction and Credits
d.  Exclusion for Family Business
e.  Deduction for Family Business

IV.  Filing Requirements and Extending
a.  Generation Skipping
b.  Transfer Tax
c.  Federal Gift Tax-Taxable Transfers
d.  Annual Exclusion
e.  Split Gifts
f.  Charitable Transfers
g.  Marital Deductions
h.  Filing Requirements and Extension
i.  Valuation

V.  Basis Considerations
a.  Income Taxation of Estates and Trusts
b.  General Rules-Taxatoin of Estates and Trusts

VI.  General Rules
a.  Simple and Complex Trusts
b.  Grantor Trusts