CT Specific

Trusts, Estates & Probate

4.38

Connecticut Probate and Trust Administration

Credits Available
Credit Status Total
New York CLE Approved 8 Total
OnDemand
6 hours 26 minutes
Robert Santoro
Richard Saxl
Robert Singer
Margaret St. John Meehan
Thomas Murphy
With Robert J. Santoro from Knott & Knott, LLC + 4 others
Recorded October 13, 2023
Product ID 97267

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Overview

Creditor Claims, Distributions, Tax Issues, and More!

Working through issues that arise through probate and trust administration can be daunting. Are you well-equipped with the tools you need to succeed? This insightful course will take you through steps in probate administration, including information on creditor and debt issues, tax and more. You will also get valuable insight on trust administration, including the handling of accounting, distributions and taxes. Don't miss this opportunity to hone your probate and trust administration skills - register today!

  • Take a closer look at the initial steps for filing the estate.
  • Discuss what needs to be done to handle creditor claims and debts.
  • Make sure everything is in order for the final distribution of the estate.
  • Review what issues need to be addressed concerning taxes in probate administration.
  • Get the latest information on taxation concerns associated with trusts.
  • Explore the different types of trusts and how they are used.
  • Learn ways to manage, sell and distribute property and assets in trust administration.
  • Gain a better understanding of the distinctions between trust fiduciary accounting and income tax accounting.

Abbreviated Agenda

  1. Probate Process and Overview
  2. Assets, Creditor Claims and Debt Considerations
  3. Distributions, Final Accounting and Closing the Estate
  4. Tax Issues in Probate Administration
  5. Trust Taxation Issues
  6. What You Need to Know About Trusts
  7. Accounting/Distributions in Trust Administration
  8. Ethics and Estate Administration

Related Topics

Product ID 97267

Credit Details

Credits Available
Credit Status Total
New York CLE Approved 8 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Probate Process and Overview

    1. Review of the Probate Timeline
    2. Forms of Administration
    3. Deadlines to be Aware of
    4. Documents Used in the Probate Process
    5. Information Gathering
    6. Laws of Intestacy
    7. Initial Petition and Notices
    8. Sample Forms, Letters and Documents

  2. Assets, Creditor Claims and Debt Considerations

    1. Marshalling Probate and Non-Probate Assets: Key Procedures
    2. Properly Ensure ALL Debt is Located and Handled
    3. Required Public Notices to Creditors
    4. Priority and Payment Determinations for Claims
    5. Contested Claims and Prescribed Claims
    6. Appropriately Dealing with Creditors
    7. Insolvent Estates
    8. Sale of Assets to Satisfy Creditors

  3. Distributions, Final Accounting and Closing the Estate

    1. Documents Needed to Close the Estate
    2. Proper Transfer and Timing of Distributions - Probate and Non-Probate Assets
    3. Distributions in Kind
    4. Distribution to Minors, Surviving Spouse and Trusts
    5. Disposition of Unclaimed Assets
    6. Fees for Personal Representatives and Attorneys
    7. Annual Accounting Requirements and Format
    8. Final Accounting Checklist
    9. Estate Closing Procedures

  4. Tax Issues in Probate Administration

    1. State and Federal Tax Considerations
    2. Tax Deadlines and Extensions
    3. Essential Tax Forms and Returns
    4. Deductions and Exemptions
    5. Income Tax and Basis Adjustment for Decedent's Assets
    6. Real Property Tax Considerations

  5. Trust Taxation Issues

    1. Tax Returns: Annual and Final
    2. Tax Consequences of Trustee's Actions
    3. Real Property Taxes
    4. Income Taxation
    5. Estate and Generation-Skipping Transfer Taxes
    6. Tax Consequences of Paying Retirement Benefits to Trusts
    7. Tax Basis in the Assets

  6. What You Need to Know About Trusts

    1. Types of Trusts and Their Purpose
    2. Jurisdiction
    3. Duties and Powers of the Trustee
    4. Valuation of Assets
    5. Funding a Trust
    6. Communication with Beneficiaries
    7. Amending and Modifying the Trust
    8. Trust Administration Checklist
    9. Sample Forms and Documents

  7. Accounting/Distributions in Trust Administration

    1. Notices of Proposed Actions
    2. Uniform Principal and Income Act
    3. Trust Provisions Concerning Distributions
    4. Managing, Selling and Distributing Property and Assets
    5. Investing Assets
    6. Distinctions Between Trust Fiduciary Accounting and Income Tax Accounting
    7. Determining Trustee Fees
    8. Communication with Creditors
    9. Distribution to Beneficiaries
    10. Trust Termination

  8. Ethics and Estate Administration

    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Confidentiality
    4. Fee Agreements

Who Should Attend

This intermediate level online seminar is designed for professionals who want to be more effective in the probate and trust administration process, such as:

  • Attorneys
  • CPAs and Accountants
  • Tax Professionals
  • Financial Planners and Wealth Managers
  • Trust Officers
  • Paralegals

Speakers

Robert J Santoro
Robert J.
Santoro
Knott & Knott, LLC
Richard H Saxl
Richard H.
Saxl
Richard H. Saxl, Attorney at Law
Robert M Singer
Robert M.
Singer
Law Offices of Robert M. Singer, L.L.C.
Margaret St. John Meehan
Margaret
St. John Meehan
Day Pitney LLP
Thomas J Murphy
Thomas J.
Murphy
Murphy Law Firm, Inc.
Speaker bio
Robert J Santoro

Robert J. Santoro

Knott & Knott, LLC
Robert Santoro

is a partner with the law firm of Knott & Knott, LLC. He practices in the areas of probate, wills, trusts and estates. Mr. Santoro earned his J.D. degree, cum laude, from Quinnipiac University School of Law, where he concentrated in health care law (with honors). There, he served as the executive managing editor of the Quinnipiac Probate Law Journal. Before law school, Mr. Santoro earned his B.S. degree in biology from Boston College and received his Masters of Theological Studies with a concentration in bioethics, from Boston College. He is admitted to practice in Connecticut State and Federal Court, and is a member of the Connecticut and New Haven County bar associations.

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Speaker bio
Richard H Saxl

Richard H. Saxl

Richard H. Saxl, Attorney at Law
Richard Saxl

is a solo practitioner with offices in Westport, Connecticut. His practice emphasizes all aspects of estate planning and probate, including probate litigation and probate tax issues. Mr. Saxl is a member of the Estates and Probate Section of the Connecticut Bar Association. He earned his B.A. degree from the University of Pennsylvania and his J.D. degree from Rutgers, The State University of New Jersey School of Law-Camden.

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Speaker bio
Robert M Singer

Robert M. Singer

Law Offices of Robert M. Singer, L.L.C.
Robert Singer

is a sole practitioner with the Law Offices of Robert M. Singer, L.L.C. in Hamden, where he practices in the areas of commercial law, bankruptcy and collections. Mr. Singer is a past adjunct professor at Southern Connecticut State University and has written many articles on his areas of practice including "(Limited Liability Corporations) An Investment Vehicle for Future Income," Financial Freedom Quarterly. He is also the author of the book, Library of Connecticut Collection Law Forms. Mr. Singer is a member of the New Haven County Bar Association and the Connecticut Bar Association. He earned his B.S.B.A. degree in accounting from Bryant College, his J.D. degree from Western New England College and his M.S. degree in taxation from the University of New Haven. Mr. Singer has litigated cases successfully before the Connecticut Supreme Court and Connecticut Appellate Court.

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Speaker bio
Margaret St. John Meehan

Margaret St. John Meehan

Day Pitney LLP
Margaret St. John Meehan

is a partner the law firm of Day Pitney LLP in Stamford, Connecticut. She assists high-net-worth individuals and their families with estate planning, with an emphasis on minimizing gift, estate and generation-skipping transfer taxes. Ms. St. John Meehan assists in adapting existing trusts to improve their income and estate tax efficiency and utility, in structuring gifts, and in implementing sophisticated tax planning. She also manages all phases of estate administration, including probate, preparation of estate tax returns, and estate tax audits. Ms. St. John Meehan advises donors on planned giving, and advises private foundations and public charities on formation, qualification and governance matters. She earned her B.A. degree from Marist College and her J.D. degree from Quinnipiac University School of Law. Ms. St. John Meehan is admitted to practice in Connecticut and New York, and is a member of the Connecticut Bar Association (Estate and Probate Section, Executive Committee), Fairfield County Bar Association, New Haven Bar Association (Young Lawyers Section) and the Waterbury Bar Association.

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Speaker bio
Thomas J Murphy

Thomas J. Murphy

Murphy Law Firm, Inc.
Thomas Murphy

is an attorney located in the Ahwatukee area of Phoenix. His practice emphasizes estate planning, elder law (including nursing home issues), all probate matters (including contested matters and guardianships), and tax controversies. Mr. Murphy has regularly appeared before the Arizona Court of Appeals, litigating many of the cutting-edge appellate cases in probate law. He has successfully litigated cases in the U.S. Tax Court, Arizona Tax Court, and the Arizona Board of Tax Appeals. Mr. Murphy is a member of the National Academy of Elder Law Attorneys, State Bar of Arizona (Tax Law, Probate and Trust Law, Mental Health and Elder Law sections), and the Arizona Medicaid Planning Council. He serves on the Advisory Board of the Phoenix Tax Workshop and the Editorial Board of NAELA News. Mr. Murphy graduated from Tufts University, with honors, and earned his J.D. degree from Suffolk University Law School.

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Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
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