330 Wills, Estates, and Trusts
A course designed to introduce students to the subject of property and interests therein, the distribution of property by intestacy or by will, trusts as dispositive devices, and the planning and administration of property in estates and trusts.
360 Financial Planning Practices for Fiduciaries
An overview of the practice of financial planning and financial situation analyses is covered. The course includes a study of the financial services industry? ethical standards and regulations for financial planners? the economic environment of financial planning? financial and accounting fundamental for financial planners? an integrative analysis of risk management, investment management, tax planning, retirement planning, and simple estate planning.
400 Fiduciary Law
A study of the origin and nature of trusts, methods of creating a trust, necessity of trust property, capacity to be a trustee, definiteness of beneficiaries and the transfer of their interests.
410 Estate Taxation
A study of the basic principles of federal estate tax law and basic techniques to minimize the impact of the tax on the decedent’s estate.
411 Gift and Fiduciary Taxation
A study of the basic principles of federal gift tax law, generation skipping tax law, and fiduciary income tax law. Emphasis will be given as to how to minimize the impact of gift, generation skipping, and fiduciary income taxation.
415 Operational Functions of a Trust Department
A study of organization staffing, policies, control procedures, and administration of a trust department. Provides the student with a foundation for understanding the role of effective management in achieving adequate profitableness in a trust department. Emphasis is placed on the application of Regulation 9 of the Comptroller of the Currency and techniques for the development of new trust business, including prospecting techniques, sales talks, establishment of new business goals, and maintenance of records.
420 Fiduciary Law
A study of the administration of trusts, the duties and powers of the trustee, the liabilities of the trustee, and remedies of the beneficiary of third persons, the investment of trust funds, allocation and apportionment of receipts and expenses between principal and income, and the termination or modification of a trust.
432 Estate Planning Seminar
A study of the principles of intestate law, taxes, and techniques of planning the disposition of property by will and trust. Fields covered include wills, inter vivos trusts, insurance trusts, pension and profitsharing trusts, and business buysell agreements. Semester case problem requires analysis and development of a plan and presentation to live participants. Considerable emphasis is placed on new business development and post mortem planning.
434 Trust and Estate Administration
An examination of the administration and distribution of property in estates and trusts. The course will enable the student to understand and apply the state and federal statutes that govern such administration, including the Uniform Trust Code and the Uniform Probate Code. Particular attention will be paid to the understanding and implementation of trust documents and wills. The course will be highly practice oriented. A senior level course for trust and trust prelaw majors.
436 Employee Benefits
This course is designed to introduce the student to the various types of employee benefits that are provided employees by or through employers including corporations, sole proprietorships, and the selfemployed. The course examines social security benefits and focuses on the basic concepts used in the establishment, administration, investment, and distribution of various Defined Benefit and Defined Contributions Plans. The student is exposed to the regulations and practices governed by ERISA and takes part in the review and development of a prototype plan. Several active employee benefit account managers are guests during the semester to provide the students a realistic application of the course of study.
439 Investments and Security Analysis
A study of investments in securities of all types including stocks, bonds, mutual funds and derivatives. The course will study, among other things, types and measures of investment risk, bond and stock valuation concepts, asset pricing models and hedging and option strategies. The course will be designed for implementation of strategies within a financial institution, consistent with such institution’s policies and procedures.
440 Investments and Portfolio Management
A study of the creation and management of investment portfolios. The course will study portfolio valuation and measurement concepts, asset allocation and diversification, and investment strategies in taxadvantaged accounts. The course will also examine such investment strategies in taxadvantaged accounts. The course will also examine such investments theories as the efficient market theory, the capital asset pricing model, and modern portfolio theory. The course will be highly practice oriented. The course will be designed for implementation of strategies within a financial institution, consistent with such institution’s policies and procedures.
470 Trust Sales and Marketing
A practical investigation of sales process and the marketing process from the trust banker’s perspective. Topics include the evolution of the market for trust services, market opportunity assessment, market segmentation, development of marketing strategies, pricing of services, and personal selling.
490 Trust Internship
A trust or financial planningrelated employment experience with an approved organization. Related term paper required. Prerequisites: Junior standing (at least), declared major in Trust Management, overall grade point average of 2.0 or greater, and completion of an independent study contract.