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621 - Planning and Drafting of Wills and Trusts (2 hours)
This course, previously offered as Estate Planning, includes an introduction to the federal estate and gift tax system. Students learn how to draft a simple will, a will with a trust for a disabled spouse or for minor children, a revocable trust to avoid probate, a life insurance trust to provide liquidity to an otherwise illiquid estate, and a special needs or supplemental needs trust to provide for a relative who is receiving benefits from Medicaid. Pre- or Co-requisite: Decedents' Estates & Trusts.