Estate Administration Step-by-Step – An Interactive Workshop

Who Should Attend

This basic-to-intermediate level seminar is designed for:

• Attorneys
• Accountants
• Trust Officers
• Personal Representatives and Executors
• Enrolled Agents

All the Forms, Checklists and Practical Knowledge You’ll Need to Administer Any Estate

Estate administration practice is steeped in forms and procedures, but underneath it all are people’s unique needs and circumstances. This practical workshop offers you a chance to learn through doing! Follow every step of the administration and work together with your peers and faculty to answer common questions and prepare for handling key tasks. Get all the tools you’ll need and learn how to use them, so you can focus on the people behind the paperwork and administer each estate quickly and tax-efficiently. Register today!

• Learn through doing! Follow our instructors in guided learning and exercises to gain
  practical estate administration knowledge.
• Work through a plethora of scenarios you will likely face when administering the estate.
• Take a quick quiz to test your knowledge of elective share procedures.
• Get a master checklist for each step needed to administer the estate.
• Complete a sample tax return to understand how every action in administration affects
  tax.
• Face common ethical dilemmas in case studies and together decide what the right course
  of action is.
• Review sample notices, affidavits and agreements to save on drafting time.
• Prepare a petition to administer the estate using a fact pattern and see it through to final
  accounting.

Course Content

• Preparing the Petition, Initial Steps and Forms (with Interactive Exercise)
• Completing Inventory and Appraisement: Exercises and Examples
• Handling Creditor Claims and Debt
• Taxes: Preparing the Forms and More (with Hands-on Tutorial)
• Final Accounting, Distributions and Closings: A Complete Walkthrough
• Ethics in Estate Administration: What Would You Do?

Continuing Education Credit

• Continuing Legal Education – CLE: 8.00 *
• International Association for Continuing Education Training – IACET: 0.70
• National Association of State Boards of Accountancy – CPE for Accountants: 8.00 *

* denotes specialty credits

Agenda / Content Covered

1. Preparing the Petition, Initial Steps and Forms (with Interactive Exercise)
   8:30 – 9:45, Robert E. Bollengier
   1. Key Laws Governing Estate Administration
   2. Choosing the Right Form of Administration
   3. Checklists: Estate Administration Timeline Step-by-Step
   4. Compiling and Reviewing Initial Documents
   5. Exercise: Preparing the Petition
2. Completing Inventory and Appraisement: Exercises and Examples
   9:45 – 10:55, Ralph M. Kinder
   1. Marshalling Assets
   2. Fiduciary Access to Digital Assets
   3. Valuing the Assets
   4. Exercise #1: Determining Elective Share
   5. Exercise #2: Sample Initial Accounting Review and Q&A
3. Handling Creditor Claims and Debt
   11:10 – 12:00, Robert E. Bollengier
   1. Notice to Creditors
   2. Determining Claim Priority
   3. Responses to Claims
   4. Steps to Ensure all Debt is Located and Handled Correctly
4. Taxes: Preparing the Forms and More (with Hands-on Tutorial)
   1:00 – 2:15, Robert E. Bollengier
   1. Timeline, Tax Forms and When to Use Them: A Brief Lecture
   2. Exercise #1: Choosing the Taxable Year for the Estate
   3. Exercise #2: Filling in the Individual Income Tax Return
   4. Exercise #3: Filling in the Fiduciary Income Tax Return
5. Final Accounting, Distributions and Closings: A Complete Walkthrough
   2:30 – 3:40, James Wilcox Whitney
   1. What it is, What Needs to be Included
   2. Distributions: What You Need to Know
   3. Exercise: Sample Final Accounting Review and Q&A
6. Ethics in Estate Administration: What Would You Do?
   3:40 – 4:40, Matthew J. Leonard
   1. Scenario #1: Conflicts of Interest
   2. Scenario #2: Confidentiality and Attorney-Client Privilege
   3. Scenario #3: Attorney Fee Agreements
   4. Scenario #4: Testamentary Capacity