Abstract
Abstract: Jarrod and Jakira Jackson are an African American power couple who have amassed a net worth of more than $37 million dollars primarily through a small real estate business. Both were first in their families to go to college and by far the wealthiest. Now they need help passing on their wealth and their legacy to their twin teenagers. The Jackson family needs an estate planning assessment to ensure that their twins and family members are cared for and to ensure that as much of their estate gets passed onto their heirs as possible.
The case is designed for instructional purposes for undergraduate courses in Financial Planning and Estate Planning courses and provides an opportunity to apply the fundamental principles of financial planning as outlined in the Certified Financial Planning (CFP) Board of Standards. The case provides:
- Understanding of basic estate planning documents and tools such as wills, trusts, family limited partnerships and their impact on estate planning.
- Understanding different types of life insurance and being able to calculate life insurance needs.
- Understanding different types of ownerships and understand how to calculate Gross Estate, Probate Estate and Federal Estate Tax.
- Understanding the advantages and disadvantages of the Probate Process.
Recommended Citation
Alli, Kasim and Hudson, Crystal
(2024)
"Jakira & Jarrod Jackson: An Estate Planning Case,"
Southwestern Business Administration Journal: Vol. 21:
Iss.
1, Article 3.
Available at:
https://digitalscholarship.tsu.edu/sbaj/vol21/iss1/3
Teaching Notes
Jarrod's & Jakirra's-Excel Teaching Notes.xlsx (32 kB)
Teaching Notes-Excel File
Included in
Business Administration, Management, and Operations Commons, Entrepreneurial and Small Business Operations Commons, Finance and Financial Management Commons, Real Estate Commons