Law 866 Advanced Estate Planning
This is a two-hour, problem-oriented, skills course. Problems will be distributed to the class involving detailed factual situations, e.g., owners of a small, closely held business; a middle income family with three minor children and a fiancé seeking a prenuptial agreement. Students will be expected to draft appropriate wills, trusts, and other legal documents for their clients. Role playing will be used to better simulate realistic situations. Students will learn some of the more sophisticated estate planning techniques, e.g., revocable trust agreements; trusts utilizing unified credit exemptions of both spouses; charitable remainder trusts; prenuptial agreements; post-nuptial agreements; planning for qualified pension plans; etc. Emphasis will be placed on teaching interviewing skills, communicating with clients, ethical considerations, financial planning and drafting skills. Enrollment is limited to a maximum of 16 students.
PREREQUISITES: Trusts and Estates (Law 876).