This course provides an introduction to practical topics in estate and financial planning, including advance directives for financial management and health care decisions, long term care planning, revocable living trusts and retirement plans. In lieu of an examination, Financial Planning for the Elderly involves a project. Students form teams of two and three (though it is permissable to work alone) and prepare a plan for a hypothetical single person, taking into account all relevant gift and income tax and non-tax factors. The project includes draft documents and an explanatory cover letter to the hypothetical client. This course is designed to provide an experience transferable to practice.
Prerequisite: Trusts and Estates