LEGA 2120 - Administration of Estates

Credit Hours: 2.00

Objectives: The student will:

1. Define real property, personal property, tangible property, and intangible property.
2. Distinguish the differences between real property, personal property, tangible property and intangible property.
3. Classify characteristics between tangible property and intangible property.

Outcome 2: Upon completion of this course, students will be able to explain the differences between the passage of real property by operation of law, by will, by trust and by court proceedings.

Objectives: The student will:

1. Identify the passage of real property by operation of law (intestate succession), by will (testate succession), by trust (living and testamentary), and by probate court proceedings (decedent’s estates and conservatorships).
2. Distinguish between the passage of real property by operation of law (intestate succession), by will (testate succession), by trust (living and testamentary), and by probate court proceedings (decedent’s estates and conservatorships).
3. Define concepts of passage of real property by operation of law (intestate succession), by will (testate succession), by trust (living and testamentary), and by probate court proceedings (decedent’s estates and conservatorships).

Outcome 3: Upon completion of this course, students will be able to explain the differences between the passage of personal property by operation of law, by will, by trust and by court proceedings.

Objectives: The student will:

1. Identify the passage of personal property by operation of law (intestate succession), by will (testate succession), by trust (living and testamentary), and by probate court proceedings (decedent’s estates and conservatorships).
2. Distinguish between the passage of personal property by operation of law (intestate succession), by will (testate succession), by trust (living and testamentary), and by probate court proceedings (decedent’s estates and conservatorships).
3. Define concepts of passage of personal property by operation of law (intestate succession), by will (testate succession), by trust (living and testamentary), and by probate court proceedings (decedent’s estates and conservatorships).

Outcome 4: Upon completion of this course, students will be able to analyze Michigan Probate and Trust law under the Estates and Protected Individuals Code (EPIC).

Objectives: The student will:

1. Identify Michigan law under EPIC.
2. Apply Michigan law under EPIC to a client’s situation.
3. Locate Michigan law under EPIC.
4. Explain Michigan law under EPIC.

Outcome 5: Upon completion of this course, students will be able to prepare documents for estate planning.

Objectives: The student will:

1. Define estate planning.
2. Gather client’s information concerning his/her estate.
3. Locate appropriate forms for preparing an estate plan.
4. Discuss ethical issues in estate planning.
5. Identify ethical issues in estate planning.

Outcome 6: Upon completion of this course, students will be able to prepare documents for probate court proceedings.

Objectives: The student will:

1. Gather client’s information.
2. Locate appropriate forms for preparing petitions applications for probate proceedings.
3. Differentiate between informal and formal probate proceedings.
4. Organize documents for probate court proceedings.

1. General Overview of Estate Planning and Estate Administration
2. Sources of Property Real and Personal
3. The Laws of Succession
4. Trusts
5. Wills
6. Estate Administration
7. Taxation