Course ID: | FHCE 4220. 3 hours. |
Course Title: | Estate Planning |
Course Description: | Principles and practices of family estate planning for the professional financial planner. Methods of property transfer at death, estate planning documents, family and charitable gifting strategies and gift taxation, incapacity planning, and calculation, deferral, and minimization of estate and gift taxes. |
Oasis Title: | Estate Planning |
Duplicate Credit: | Not open to students with credit in FHCE 4220E, FHCE 6220, FHCE 6220E |
Prerequisite: | FHCE 3200 or FHCE 3200E or FHCE 3250 or FHCE 3250E |
Semester Course Offered: | Offered fall semester every year. |
Grading System: | A-F (Traditional) |
|
Course Objectives: | This course will help students to:
(1) understand and describe to clients the role of financial
planning professionals and their linkages with other
professionals involved in the estate planning process,
(2) describe and apply methods of property ownership and
property transfer at death,
(3) understand planning for gifting and incapacity planning
during one's life,
(4) understand the calculation, deferral, and minimization
processes regarding federal estate taxes, including the
generation-skipping transfer tax (GSTT),
(5) describe and discuss the advantages and disadvantages of
types of trusts, and
(6) identify estate planning objectives appropriate for
individuals and families with various needs and methods, tools,
and other professionals appropriate for meeting those objectives. |
Topical Outline: | A. Estate planning process, B. Methods of property transfer at
death, C. Gifting strategies, D. Estate tax calculation,
compliance, deferral and minimization, E. Trusts, F. Charitable
giving, G. Use of life insurance, H. Disposition of estate. |