Estate Planning

Lecture - 4 hours. This class is an introduction to the federal income taxation of business entities including corporations and partnerships. This course will examine the federal income tax relationship between corporations and their owners and will cover the transfer of funds into a corporation on formation and the re-transfer of money and property from the corporation to its shareholders.

Discussion - 2 hours.  This streamlined version of Trusts, Wills, and Estates is designed for students who are mainly interested in taking the course to prepare for the bar exam. It covers the basics of intestate succession and the creation and interpretation of wills and trusts under the Uniform Probate Code and the California Probate Code. Although it does not delve deeply into these issues, it sets the stage for students to master them during the bar review period.