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The course is a practice-oriented, simulated course that satisfies the substantial skill instruction requirement for graduation. The course initially considers the relevant tax systems, including transfer taxes (gift, estate and generation-skipping transfer taxes) and income taxes (individual income taxes and the income taxation of trusts, decedents’ estates and beneficiaries). Thereafter, students will learn how to draft wills, revocable trusts and advance directives taking into account the relevant non-tax and tax rules. Students will also learn how to effectively communicate with clients. Ethical considerations are emphasized throughout the course. In lieu of a final examination, students will submit a comprehensive project for a hypothetical client. Typically students work as a team of two students (unless a student prefers to work alone).
Bloom, Ira Mark