Professor Robin Klomparens
Spring 2016
916-996-2811 (cell)
916-920-5286 (work)
robin@wkblaw.com
SYLLABUS
ESTATE PLANNING
REQUIRED COURSE MATERIALS:
Federal Taxation of Wealth Transfers 3rd Edition by Stephanie Wilbanks
Federal and State Gift Taxes (Internal Revenue Code and Regulations). If a student prefers, he
or she can print the relevant sections online. There also may be some reference to income tax
sections which similarly can be obtained online.
The Professor will also be supplementing the materials and these will be passed out during class.
OPTIONAL TEXTBOOKS:
CCH US Master Estate and Gift Tax Guide 2016
READING AND PROBLEM ASSIGNMENT:
The reading assignments are stated in the syllabus. There may be additional reading assigned as
additional materials are distributed. The problems for each week will be assigned the prior week
unless otherwise stated. Oral participation is helpful per the grading discussed below.
EXAMINATION AND GRADING
Your grade will be based on one anomalously graded final exam. The final will be taken in class
and will be three hours long. For the exam, you will be allowed to use any of the course
materials, the Code, Regulations and anything you have prepared including class notes. A
simple calculator may also be used. Your grade may be raised or lowered by 1 grade (for
example, i.e., from an A to an A+ or B+) for class participation and attendance.
MEETINGS:
If any of the students desire to have a meeting that can be arranged by contacting the professor.
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1
Class No.
Date
1
Wednesday, January 13, 2016
Topic
Overview of course and transfer taxes.
Chapter 1: Introduction to the Federal Tax
System, pages 1-22.
Chapter 2: Income Taxation of the Transfer of
Wealth, pages 23-38.
Skim all problems.
2
Wednesday, January 20, 2016
Chapter 4: The definition of a gift, pages 99134.
Chapter 5: Completion, pages 135-150.
3
Wednesday, January 27, 2016
Chapter 5: Completion, pages 151-164.
Chapter 6: The Annual Exclusion, pages 167194.
4
Wednesday, February 3, 2016
Chapter 9: Retained Interests, pages 281-330.
5
Wednesday, February 10, 2016
Chapter 9: Retained Interests (continued),
pages 281-330.
6
Wednesday, February 17, 2016
Chapter 3: Valuation, pages 39-98. There will
also be a discussion about the valuation of
“good will” and other recent case law.
7
Wednesday, February 24, 2016
Chapter 7: Property Owned at Death, pages
195-208.
Chapter 8: Joint Ownership, pages 209-2__.
8
Wednesday, March 2, 2016
Chapter 10: Annuities and Employee Death
Benefits, pages 331-363
9
Wednesday, March 9, 2016
Spring Break
10
Wednesday, March 16, 2016
TBD
11
Wednesday, March 23, 2016
Chapter 11: Powers of Appointment, pages
365-390.
Chapter 12: Life Insurance, pages 391-411.
12
Wednesday, March 30, 2016
TBD
13
Wednesday, April 6, 2016
Chapter 13: Expenses, Claims, Debts, Taxes
and Losses, pages 419-438.
Chapter 14: Transfers to Charity, pages 439458.
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2
Class No.
14
Date
Wednesday, April 13, 2016
Topic
Chapter 15: Transfers to the Surviving Spouse,
pages 459-504. There will also be a discussion
of QDOTS and portability.
Chapter 16: Credits, pages 507-518.
15
Wednesday, April 20, 2016
Chapter 17: Generation Skipping Transfer Tax,
pages 519-540.
Final Exam is on May 4, 2016, in room 452
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3