ACCT 408 - Principles of Estate Planning

Institution:

Widener University-Main Campus

Subject:

Description:

This course provides an overview of estate taxation and planning. The course begins with a consideration of the ownership of property. It explores real property, personal property, types of property interests, including remainder interests and community property. It also provides an overview of the law pertaining to trusts, fiduciaries, and powers of appointment. The course focuses on the federal estate and gift tax system and discusses basic federal estate tax planning strategies. It also places emphasis on the special legal, business, and estate planning challenges presented by the privatelyowned family business. The course considers the following legal and tax areas: (1) fundamental property ownership rules, (2) fiduciary duties owed by trustees and business partners, (3) estate and business planning opportunities for private business, (4) the use of limited liability companies and family limited partnerships in business planning, and (5) basic concepts involving estate and gift taxation. Prerequisite: ACCT 204 and ACCT 205. 3 semester hours

Credits:

3.00

Credit Hours:

Prerequisites:

Corequisites:

Exclusions:

Level:

Instructional Type:

Lecture

Notes:

Additional Information:

Historical Version(s):

Institution Website:

www.widener.edu

Phone Number:

(610) 499-4000

Regional Accreditation:

Middle States Association of Colleges and Schools

Calendar System:

Semester

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