Course Description
Review principles and practices of family estate planning. Explore advanced methods of property transfer via gifting and death, including multi-generational techniques. Look at advanced strategies for minimization of estate/trust income taxes. Understand advanced strategies appropriate to closely-held businesses. Examine implications of public policy related to estate planning.
Athena Title
Advanced Estate Planning
Equivalent Courses
Not open to students with credit in FHCE 4220, FHCE 4220E, FHCE 6220
Non-Traditional Format
This course will be taught 95% or more online.
Semester Course Offered
Offered fall and spring
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 the 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
Syllabus