Categories: Estate Planning/Elder Law

Instructor(s) Seaborg, Andrew

Selected Topics in Estate Planning: Asset Management and Financial Planning. This course offers students a comprehensive introduction to the financial markets, investment products, and financial planning. Practical in nature, the course’s primary goal is to help students “speak finance” and become financially street-smart attorneys their first day on the job. Topics covered include asset classes, investment products (mutual funds, ETFs, hedge funds, etc.), investment portfolio design, retirement planning, insurance products, and the credentialing and compensation of financial advisors. Case studies combine multiple themes and illustrate financial planning in practice. Guest lecturers from the community will share war stories, best practices, and address their areas of professional expertise. Some tax issues will be covered, but no prior work in tax is assumed.

Andrew Seaborg (MS in Finance, Investment & Banking, UW-Madison) is a Partner at The Capital Group in Madison. He advises families, trusts and institutions on investment management, employer-sponsored retirement plans, and financial planning. He has taught this class since 2007.

By the end of the semester, students should be able to:

- Demonstrate understanding of the financial markets and investment products.

- Understand basic tenets of financial planning.

- Distinguish differences among financial advisors, how they are compensated, and whether or not they are acting in their clients' best interest.

- Interpret analyses of mutual funds, ETFs, stocks, bonds, REITs and annuities.

- Determine what kind and how much life insurance is appropriate for the changing stages of life. Structure life insurance products in a way that benefits their clients.

- Understand tax, investment, and distribution rules regarding IRA, 401(k), and defined benefit retirement plans.

- Understand the income, estate, capital gains, and gift tax issues commonly encountered in estate planning situations.

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