Curriculum Guide · Courses
Trusts: Law and Practice
J.D. Course 1184 (cross-listed) | 2 credit hours
Useful for any student preparing for a career in the lucrative private client sector, this course provides an in-depth survey of trusts law and practice, including cutting-edge trust models and drafting techniques using a large variety of domestic and international trust regimes. Students will acquire an understanding of the different types and contexts of trust practice, including the use of trusts to plan succession to a settlor's assets, to provide for dependents and persons lacking capacity, to minimize the tax burden borne by an individual, family or estate, to shield assets from a settlor's creditors, to securitize debt, to structure complex transactions, to invest pooled funds, to pass control of a family business between generations and more. We will discuss the recent radical changes in trust law, from the reception of the trust in civil law and mixed legal systems through the weakening of beneficiaries' rights to receive information about the trust and enforce the trust, the exclusion of trustees' traditional duties and liabilities, and the development of new trust actors such as protectors and non-beneficiary enforcers. The course includes analysis of trust deeds using the trust regimes of several jurisdictions.
Prerequisite: The first-year curriculum, Taxation I and Corporations. The course can be undertaken simultaneously with the basic course in decedents' estates, with a course in estate and gift taxation, with an estate planning seminar, and/or with a course in corporate taxation (Taxation II).
This course will meet the first half of the Fall 2013 semester on Mondays and Wednesdays, 11:10 a.m. - 1:10 p.m. on the following dates: 9/4, 9/9, 9/11, 9/16, 9/18, 9/23, 9/25, 9/30, 10/2, 10/7, 10/9, 10/15 (Monday classes meet) and 10/16.