Trusts and Estates

This course is an introduction to the basic elements of the gratuitous wealth transmission process. Topics include (1) an overview of the estate planning process and policy considerations bearing on private wealth transmission; (2) the distribution of property in the absence of a will (intestacy); (3) the law of wills, including formal requisites for validity, revocation and construction of, and challenges to a will; (4) will substitutes and planning for incapacity; (5) an introduction to types of trusts, and to the basic law governing interests in trusts and fiduciary administration; and (5) a brief introduction to wealth transfer taxation. Time permitting there may also be brief coverage of powers of appointment, and spendthrift, and charitable trusts.