Students will understand fundamental principles relating to the following fiduciary relationships: (a) trustee / beneficiary; (b) personal representative / beneficiary; and (c) conservator / conservatee.
Students will understand the rules relating to intestate succession.
Functions and Components
Students will understand the functions and components of wills and revocable trusts, and the rules governing the interpretation of those instruments.
Function of Probate
Students will understand the function of probate and the various methods available for avoiding probate.
Utah and California Rules
Students will be able to distinguish between the Utah (Uniform Probate Code) rules and the California Probate Code rules in the foregoing areas.
Federal Estate and Gift Tax System
Students will have a very basic understanding of the federal estate and gift tax system.