| Course ID: | FHCE 6220. 3 hours. |
| Course Title: | Advanced Estate Planning |
Course
Description: | Principles and practices of family estate planning; advanced
methods of property transfer via gifting and death, including
multi-generational techniques; advanced strategies for
minimization of estate/trust income taxes; advanced strategies
appropriate to closely-held businesses; and implications of
public policy related to estate planning. |
| Oasis Title: | Advanced Estate Planning |
| Duplicate Credit: | Not open to students with credit in FHCE 4220, FHCE 4220E, FHCE 6220E |
Semester Course
Offered: | Offered fall semester every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | This course will help graduate students to:
(1) understand and describe to clients the role of financial
planning professionals and their linkages with other
professionals involved in estate planning process
(2) continue to develop knowledge in property transfer methods
incorporating the latest legislative action
(3) develop charitable giving plans using advanced techniques
(4) develop deeper knowledge of multi-generational (GST) trusts
and uses of non-domicile trust locations
(5) look into a variety of complex trusts and their uses
(6) research and discuss psychological and emotional issues
surrounding estate planning
(7) understand the changing policy environment surrounding estate
planning, including integration of state and federal gift and
estate planning systems
(8) explain and apply advanced estate planning techniques, such
as estate equalization, utilization of multi-generational
trusts, and estate freezing techniques |
| Topical Outline: | A. Historical context of estate planning
B. Principles of common law in estate planning
C. The process of estate planning
D. Principles of property, ownership, and methods of transfer
E. Trusts (inter-vivos, testamentary, complex, marital, and
charitable)
F. Estate and gift tax calculations
G. Income tax implications for trusts and estates
H. Charitable giving and gifting strategies
I. The role of life insurance in estate planning
J. Estate equalization and freezing strategies
K. Current topics in estate planning policy and research |