The course will explain the principles of estate planning, taxation and different forms of property ownership. A focus will be on the characteristics, administration and usage of trusts, retirement plans, guardianships and powers of attorney. Students will follow the process of creating and administering a trust. In the course, you will also be able to:
- Describe the purpose and scope of personal agency relationships
- Analyze a will and examine the probate process in administering and settling an estate
- Distinguish the types of gardianships that exist and compare powers of attorney for property and healthcare
- Define what a personal trust is, reasons for having one, and the characteristics of a good trustee
- Describe the parts of a personal trust document
- Analyze basic concepts of trust administration
- Explain the reasons for -and tax concepts of- gifting
- Contrast various types of irrevocable trusts
- Distinguish a land trust from a personal trust
- Describe corporate trust and agency services that corporations utilize
- List the types of corporate retirement plans that exist and profile the establishment and administration of a retirement plan
If you are a finance major, this course will NOT count as an Advanced Finance Elective.
Need to schedule an advising appointment? Give us a call at 512-245-1993
