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Seminar Estate Administration From Start to Finish Seminar

Presented by NBI, Inc.

NBI Legal Continuing Education Seminars

Estate Administration From Start to Finish

Course Description


A Step-By-Step Guide to Estate Administration

Designed for attorneys who are new to estate administration or need a basic refresher, this course will provide you with a comprehensive overview of estate administration, including proper asset valuation and distribution, taxation, and account closing procedures. You'll also learn how to correctly deal with thorny estate administration debt issues, including jointly held assets, business ownership and complex tax issues. Equip yourself with real-life, practical knowledge to ensure you are fully prepared to handle the entire estate administration process from start to finish - register today!

  • Learn how to meet every deadline, follow procedures and complete essential forms.
  • Identify key estate administration pitfalls you need to avoid.
  • Acquire strategies to ensure you can help your clients through every step of the probate process.
  • Manage your client's entire estate administration procedures properly and effectively.
  • Learn how to tackle complex estate administration issues such as tax issues, jointly held assets and will contests.
  • Understand how to properly transfer and distribute assets.
  • Explore proper procedures and processes when dealing with insurance claims and debt during estate administration.
  • Gain a better understanding of the probate court's procedures so that you can avoid common pitfalls and mistakes.
  • Get the latest information on allowances and elections against the will.
  • Identify how to properly distribute assets to minors, surviving spouses and trusts.

Agenda

  1. COMMENCEMENT OF PROCEEDINGS AND INFORMATION GATHERING
    8:30 - 9:15 Written by Chelsea-Lee Hanke. Presented by Chelsea-Lee Hanke in Atlantic City and Cherry Hill and Jane M. Fearn-Zimmer in Princeton.
    1. Appointment of Estate Administration
      1. Formal vs. Informal Proceedings
      2. Sample Letters of Authority
    2. First Meeting With Family or Designated Personal Representative and Determination of Heirs
    3. Written Fee Agreements
    4. Tips to Locate Information Quickly Using Online and Government Resources
    5. Dealing with Multiple States
  2. INITIAL STEPS TO THE ESTATE ADMINISTRATION PROCESS
    9:30 - 10:30 Written and Presented by Chelsea-Lee Hanke in Atlantic City and Cherry Hill and Kimmo H. Abbasi in Princeton.
    1. Understanding the Laws of Intestacy
    2. Sample Estate Administration Checklists, Forms and Required Notices Needed
    3. Interpreting Provisions and Terms of Art Found in Wills
    4. Using Disclaimers Correctly
  3. MARSHALLING ASSETS
    10:30 - 11:15 Written by Charles C. Bratton II. Presented by Richard R. Budney Jr. in Atlantic City, Charles C. Bratton II in Cherry Hill and Jane M. Fearn-Zimmer in Princeton.
    1. Procedures to Locating and Marshalling Probate and Non-Probate Assets
      1. Safe Deposit Boxes and Bank Accounts
      2. Real Estate
      3. Brokerage Accounts, 401Ks, IRAs, Pensions and Life Insurance Policies
    2. Sample Forms and Documents Needed
    3. Appraisers and Valuing the Property of Probate Estates
  4. HANDLING CREDITOR CLAIMS AND DEBT
    11:15 - 12:00 Written by I. Richard Ploss. Presented by Richard R. Budney Jr. in Atlantic City and I. Richard Ploss in Cherry Hill and Princeton.
    1. Sample Forms and Required Notices Needed
    2. Priority and Payment of Claims
    3. Late Claims and Contested Claims
    4. Steps to Ensure all Debt is Located and Handled Correctly
      1. What if the Assets Don't Cover the Bills?
      2. Bankruptcy and Foreclosure
    5. Selling of Assets and Properly Dealing with Creditors
  5. COMPLEX ISSUES IN ESTATE ADMINISTRATION
    1:00 - 1:45 Written by Kimmo H. Abbasi. Presented by Alan M. Floria in Atlantic City, Jane M. Fearn-Zimmer in Cherry Hill and Kimmo H. Abbasi in Princeton.
    1. Jointly Held Assets
    2. Spousal Claims
      1. Allowances and Elections Against the Will
    3. Handling Unmarried Couples and Stepchildren
    4. Will Contests, Trust and Estate Disputes
    5. Business Ownership
    6. Agency Problems Involving Guardianships, Conservatorships, Powers of Attorney or Other Agency Relationships
  6. HANDLING ESTATE ADMINISTRATION TAX ISSUES
    1:45 - 2:35 Written by Jeff Vandrew Jr. and Michael K. Feinberg. Presented by Jeff Vandrew Jr. in Atlantic City, Richard R. Budney Jr. in Cherry Hill and Michael K. Feinberg in Princeton.
    1. Examples of Forms Needed
    2. Federal and State Estate Tax Considerations
    3. Income Tax Issues for the Estate and the Heirs
    4. Resolving Disputes With Taxing Authorities
    5. Deductions and Exemptions
    6. How the Generation-Skipping Transfer Tax Affects Your Clients
    7. Tax Deadlines and Handling Extensions
    8. Sales of Real Property
  7. DISTRIBUTION AND CLOSING OF THE ESTATE
    2:50 - 3:40 Written and Presented by Jeff Vandrew Jr. in Atlantic City and Carl G. Archer in Cherry Hill and Princeton.
    1. Sample Forms, Agreements and Documents Needed
    2. Proper Transferring and Distribution of Probate and Non-Probate Assets and Timing of Distributions
      1. Real Estate
      2. 401Ks, IRAs, Pensions and Life Insurance Policies
      3. Distribution of Miscellaneous Assets (Automobiles, Jewelry, Etc.)
    3. Distributions in Kind
    4. Distribution to Minors, Surviving Spouse and Trusts
    5. Disposition of Unclaimed Assets
    6. Proper Settlement of the Estate
      1. Formal and Informal Estate Accountings
      2. Choosing the Appropriate Closing Procedure
      3. Compensation and Discharge of the Personal Representative
  8. ETHICS AND ESTATE ADMINISTRATION
    3:40 - 4:40 Written and Presented by Daniel Del Collo III in Atlantic City and Carl G. Archer in Cherry Hill and Princeton.
    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Attorney-Client Privilege
    4. Fee Agreements

 

More Seminar Information

NBI, Inc.
NBI Legal Continuing Education Seminars

Summary

Estate Administration From Start to Finish

Delivery Method

Seminar Seminar

Who Should Attend

This basic-to-intermediate level seminar is designed for professionals who want to be more effective in the estate administration process, such as:

  • Attorneys
  • Paralegals
  • CPAs and Accountants

 
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