This note covers the following topics:
Property Ownership, Tenancy in Common, Joint Tenancy, Death Intestate—Without a
Will, Testate Distribution, The Probate Process, Considerations in Holding or
Disposing of Property, Installment Sales, Private Annuities, Gifts During Life:
The Federal Gift Tax, Valuing Property for Federal Estate Tax, The Gross Estate,
Planning to Save Federal Estate Tax, Federal Estate Tax Planning
Strategies, Estate Settlement Costs, Liquidity Planning, Tools for Estate
Planning: Trusts, Implementing the Estate Plan.
This note focuses on
developing an understanding of the macroeconomic factors that shape and
influence markets for real property. Topics covered includes: Residential land
markets, Residential development, Industrial location, Local government and land
markets, Regulating development, Macro analysis of housing, Time series analysis
of real estate markets, Regional growth and real estate markets.
This course note
introduces and surveys a selection of cutting-edge topics in the field of real
estate finance and investments. It follows an informal seminar format to the
maximum degree possible, with students expected to take considerable initiative.