PAL 122 - Estates and Trusts 2

 
Description
This course provides students with an in-depth understanding of the probate process and estate administration. Students learn the fundamentals of practice in the probate court and gain an overview of the Uniform Probate Laws. Students also review the various types of nonprobate transfers and the benefits and challenges of structuring assets to allow for direct ownership transfers upon death.

1. Describe the significant roles and contributions that efficient paralegals make in an estate and trust practice.
2. Generate essential documents for initiating and managing the administration of a decedent’s estate or trust.
3. Identify nonprobate transfer mechanisms such as multi-party accounts, contracts, annuities and life insurance policies.
4. Explain the legal operation of nonprobate transfer mechanisms such as multi-party accounts, contracts, annuities and life insurance policies.
5. Apply legal skills with a comprehensive practical understanding of estates and trusts to efficiently navigate estates and trusts law while providing assistance to the legal profession in an ethical manner.

1. Functions and roles of paralegals
2. Formal estate administration and the process in Pennsylvania 
3. Tax considerations
4. Probate court and the Uniform Probate Code 
5. Tax considerations
6. Nonprobate assets and transfers 

• Critical Thinking & Problem Solving
• Information Literacy

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