Catalogue 2019 - 2020

LLME 812 Chapter 14 IRC



Course Description

This course will consider advanced topics in wealth and transfer taxes [chapter 14], including qualified personal residence trusts, grantor retained annuity trusts, grantor retained uni-trusts, private annuities, deferred payment sales, grantor retained income trusts, transfers with a retained interest in tangible personal property, sales of remainder interests, lapsing rights, restrictions on liquidation, options, non-commercial restrictions, loans, leases and lease-backs, and estate tax freezes and reverse freezes. The course will be taught online using the problem approach and drafting as a solution to the problems. Students will be required to participate in weekly online discussions. Prerequisites are Law 803 Federal Wealth Transfer Taxes and Law 801 Wills and Trusts: Design, Drafting and Implementation.