TRUSTS AND ESTATES
This course examines wills and other methods for preserving and transferring wealth or property to beneficiaries in the context of death or economic planning.
Basics of Business for Lawyers
This skills-based course is intended to introduce the law student who may have little prior business background, to fundamental concepts in business including accounting, finance, economics and financial markets, such as stock, bond and money markets. Examples will be drawn both from the domestic and international contexts. Concepts and terms in business are often necessary tools, not only for the student or lawyer practicing in traditional business law areas, such as corporations, mergers and acquisitions, securities law, antitrust and corporate finance, but also in most other areas of practice, including for example, domestic relations law (in which the identification and division of assets is of importance), estate planning, banking law, bankruptcy, taxation, international business transactions, and even completely routine matters in torts and contracts. Without an understanding of the measurement and quantification of damages, it is difficult for the practitioner to seek complete relief in tort suits for personal injury or wrongful death (which can occupy major portion of the tort practitioner’s work). Similar considerations apply in respect of contractual breaches, especially in commercial settings. Finally, as law office management becomes increasingly streamlined and sophisticated, even the solo practitioner must necessarily be able to keep track of and follow receivables in his or her office, by examination of cash flow statements and balance sheets, or else, he or she would be ill-informed as to what they themselves may be earning.
This course involves a study of typical problems and transactions in planning an effective and economical distribution of property while alive, and at death and includes basic estate and gift tax concepts.
This course surveys the legal needs that most impact the elderly including mental capacity issues, informed consent, guardianships, Medicare, Medicaid, estate planning, elder abuse, taxation and housing.
ESTATE AND GIFT TAX
An examination of the federal estate tax laws and regulations including gross estate, unified credit, marital deductions, generation skipping transfers, valuation and applicable tax rates and issues related to estate planning.
TRUSTS AND ESTATES