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May 18, 2024
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2022-2023 Catalog [ARCHIVED CATALOG]
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LEGS 210 - Wills Trust and Estates
PREREQUISITES: LEGS 101 - Introduction to Legal Studies .
PROGRAM: Legal Studies and Paralegal Studies
CREDIT HOURS MIN: 3
LECTURE HOURS MIN: 3
DATE OF LAST REVISION: Fall, 2020
Students learn the concepts surrounding the administration, execution and drafting of Wills, Trusts and Estates. This course applies Indiana law and the provisions of the Indiana Code. Students will study a variety of other concepts, such as intestate succession; elements of a will and trust, as well as tax implications and rules.
MAJOR COURSE LEARNING OBJECTIVES: Upon successful completion of this course the student will be expected to:
- Explain different estate planning strategies.
- Identify fiduciary duties.
- Distinguish between personal property and real property.
- Discuss various types of real property interests.
- Discuss various types of personal property interests.
- Explain Succession.
- Identify types of Trusts
- Analyze the benefits of a Trust
- Identify the elements of a Trust
- Discuss restrictions of a Trust
- Discuss tax implications of a Trust
- Identify types of Wills
- Analyze Testamentary Capacity
- Discuss restrictions of a Will
- List the steps in executing a Will
- Assess various changes to Wills
- Examine the process of Estate Administration
- Explain Federal Estate Taxation
- Identify various estate tax forms
- Discuss Indiana tax implications on estates
COURSE CONTENT: Topical areas of study include -
- Estate Planning
- Wills and Trusts
- Intestate Succession
- Fiduciary
- Administration
- Tax Implications
Course Addendum - Syllabus (Click to expand)
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