Live Seminar

Estate Administration Boot Camp

Seminar

Date:

2 Day Seminar
Thursday, March 15, 2018 -
Friday, March 16, 2018

Time:

9:00 AM - 4:30 PM

Product ID#:

78249ER

Location:

Holiday Inn Fort Lauderdale Airport

2905 Sheridan Street

Hollywood, FL 33020

$575.00

$565 / Each Additional

$555 / New Professional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • FL CLE - 14.50
  • OH CLE - 12.00

CPE for Accountants

  • CPE for Accountants/NASBA - 14.00

Other

  • IACET - 1.20

Program Description

Everything You Need to Know About Effectively Administering an Estate

Are you fully confident in your knowledge of the latest court and tax rules and the most effective transfer tools to ensure each client's estate is laid to rest according to the decedent's wishes, with minimal tax burden? This comprehensive 2-day instruction will give you all the skills you need to administer estates that include trusts and/or business interests without a hitch. Register today!

  • Don't miss any crucial notice and filing requirements when opening the estate - learn what must be done right away.
  • Get helpful forms and checklists that will help you in administration.
  • Understand how income and estate tax deductions interact and find the most advantageous way to structure the tax returns
  • Learn how to use disclaimers more effectively.
  • Clarify what must be done when the trust becomes irrevocable.
  • Protect your professional reputation with a practical legal ethics guide focused on trusts and estates practice.

Who Should Attend

This two-day, basic level seminar is designed for:

  • Attorneys
  • Accountants/CPAs
  • Tax Professionals
  • Financial Planners
  • Trust Officers/Administrators/Managers
  • Paralegals

Course Content

DAY 1

  • Forms of Administration and When They are Used
  • First Steps and Notices, Executor Duties, Opening the Estate
  • Marshalling the Assets
  • Spouse Elective Share and Disclaimers
  • Trusts That Affect Estate Administration

DAY 2

  • Income Tax Returns
  • Portability and Estate, Gift, GST Taxes
  • Handling Debts and Claims Against the Estate
  • Handling Distributions
  • Business Interests in Estate Administration
  • Legal Ethics in Estate Administration
  • Closing the Estate and Final Accounting

Continuing Education Credit

Continuing Legal Education

Credit Hrs State
CLE 14.50 -  FL*
CLE 12.00 -  OH*

International Association for Continuing Education Training – IACET: 1.20

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 14.00 *


* denotes specialty credits

Agenda / Content Covered

DAY 1

  • Forms of Administration and When They are Used
    9:00 - 10:00, Lindsay Miller
  • First Steps and Notices, Executor Duties, Opening the Estate
    10:00 - 11:15, John F. DeStefano
    • Executor Duties and Powers Prior to and After Qualification
    • Filing the Petition; Notice to Beneficiaries and Heirs
    • Initial Notices to Creditors and State Agencies
    • The Estate Timeline
    • Other Estate Opening Tasks and Procedures
  • Marshalling the Assets
    11:30 - 12:45, Nathan R. Brown
    • Key Assets to Account For
    • Survivorship vs. Beneficiary Designation
    • Helpful Checklists and Sample Forms
    • Valuation Considerations
    • Filing the Inventory and Appraisal With the Court
    • Handling Antiques, Heirlooms and Unusual Items
    • Digital Assets
  • Spouse Elective Share and Disclaimers
    1:45 - 3:00, Joshua N. Goldglantz
    • Making the Election
    • Disclaiming an Interest: Who Can Disclaim, Statutory Requirements, Procedure, Consequences
  • Trusts That Affect Estate Administration
    3:15 - 4:30, Joshua N. Goldglantz
    • When Trusts are Included in the Estate
    • What Must be Done When the Trust Becomes Irrevocable
    • Post-Mortem Trust Funding (Credit Shelter, Marital and Beneficiary Trusts)
    • Designated Beneficiary Trusts

DAY 2

  • Income Tax Returns
    9:00 - 10:00, Michael A. Lampert
    • Final Individual Income Tax Return - Federal and State
    • Fiduciary Income Tax Return - Federal and State
    • Tax Consequences of Fiduciary Decisions and Actions
    • The Interaction of Tax Deductions Between the Estate Tax and Fiduciary Income Tax Returns
  • Portability and Estate, Gift, GST Taxes
    10:00 - 10:45, Michael A. Lampert
    • Determining DSUE and Claiming Portability
    • State and Federal Estate, Gift and GST Taxes - Planning and Reporting
    • Streamlined, Partial-Streamlined and Complete Estate Tax Returns
  • Handling Debts and Claims Against the Estate
    11:00 - 11:45, Mark R. Manceri
    • Secured vs. Unsecured Claims
    • Interest on Claims
    • Debts Left Over From Improperly Executed Joint Tenancies
    • Medicaid Estate Recovery and Other Liens
    • Insolvent Estates
  • Handling Distributions
    11:45 - 12:30, Mark R. Manceri
    • Discretionary Distributions
    • Mandatory Distributions
    • Refunding Agreements
    • Spendthrift Trusts and Creditor Attachments
  • Business Interests in Estate Administration
    1:30 - 2:30, Andrew Comiter
    • Valuation Considerations
    • Business Continuation and Non-Family Business Interests
    • Succession Issues - Who Controls the Company (Corporations vs. LLCs)
    • Tax Planning and Reporting
  • Legal Ethics in Estate Administration
    2:45 - 3:45, Christopher B. Hopkins
    • Who is Your Client? Avoiding Conflicts of Interest
    • Attorney Fees
    • Protecting Confidentiality
    • Are You a Fiduciary? New Fiduciary Liability Rules and FINRA Enforcement Efforts
    • Client Competence Issues
  • Closing the Estate and Final Accounting
    3:45 - 4:30, Alan B. Cohn
    • Final Accounting Step-by-Step
    • Filing the Final Petition; Contents
    • Final Expenses, Debts, Taxes, Fees and Distributions
    • Discharge of Fiduciary

NATHAN R. BROWN is an attorney in the Private Client Services Department with Proskauer Rose LLP. He advises clients on a wide range of tax and estate planning matters, as well as estate and trust administration. Mr. Brown is experienced in implementing advanced estate planning techniques, including irrevocable insurance trusts, grantor retained annuity trusts, sales to defective grantor trusts, inter vivos qualified terminable interest property trusts, family limited partnerships, all aspects of estate and trust administration and preparing federal estate tax returns. He is admitted to practice in Florida and the District of Columbia. Mr. Brown is a member of various professional organizations, such as the American Bar Association, Florida Fellows Institute of the American College of Trust and Estate Counsel, and the Palm Beach Tax Institute. He earned his B.A. degree, cum laude, from the University of Southern Maine, followed by earning his J.D. degree, summa cum laude, from the University of Maine School of Law. Mr. Brown then continued his studies at the University of Florida Levin College of Law, to earn his LL.M. degree in taxation.

ALAN B. COHN is a shareholder at Greenspoon Marder, P.A., where he focuses his practice on estate planning and taxation. Mr. Cohn earned his B.S. degree from the University of Florida, and his J.D. and LL.M. degrees from the University of Florida Law School. He is a member of The Florida Bar, American Bar Association, Broward Bar Association and has spoken a number of times for several organizations on probate and estate planning topics.

ANDREW COMITER is a partner of the regional tax law firm Comiter Singer Baseman & Braun LLP. The focus of his practice is federal taxation of partnerships, s-corporations, and limited liability companies; business transactions; income and estate tax planning; probate; and trust, estate and guardianship litigation. Mr. Comiter is a member of The Florida Bar since 2009 and is a member of the Tax; Real Property, Probate & Trust Law; and Business Law sections of The Florida Bar. He is the Business Law Section representative to the Family Trust Company Subcommittee of The Florida Bar Real Property, Probate and Trust Law Section. Mr. Comiter earned his B.S. degree from the University of Florida; his Masters of Taxation from Florida Atlantic University; and his J.D. degree, with honors, from the University of Florida Levin College of law with a certificate in estates and trusts practice. He went on to earn his LL.M. degree in taxation from the University of Florida Levin College of Law.

JOHN F. DeSTEFANO is an attorney with Proskauer Rose LLP, where he helps individuals and families steward their wealth through sensible trust and estate planning. By leveraging his finance, tax and law training and private equity investment background, Mr. DeStefano helps business owners, asset managers and other successful professionals integrate their complex asset holdings into purposeful, tax-efficient trusts that provide for the support, education, health care and best interests of current and future family generations. He earned his B.S. degree, M.S. degree, J.D. degree and LL.M. degree from the University of Florida. While attending the University of Florida, Mr. DeStefano received the Book Award for Estate Planning LL.M. (first in class), the Pro Bono Excellence Award and the Warrington Finance Scholar Award, and served as a research assistant to the Dean of the law college and as a teaching assistant in the business college. He completed his law school clerkships in the White-Collar Crimes Section of the U.S. Attorney’s Office of the Southern District of Florida and in the Asset Management Unit, Enforcement Division, of the U.S. Securities & Exchange Commission in Washington DC.

JOSHUA N. GOLDGLANTZ is an attorney with Gunster, where he is a member of the firm’s private wealth services group. As an attorney board certified in wills, trusts and estates, Mr. Goldglantz concentrates his practice in the areas of tax, estate planning and asset protection planning for high net worth individuals and families. He advises clients with respect to planning and implementation of sophisticated estate planning structures in order to transfer wealth to future generations in a tax efficient manner. Mr. Goldglantz’s practice includes domestic planning, charitable tax planning, business succession planning and wealth preservation. He also has experience advising fiduciaries in all aspects of estate and trust administration, including post-mortem tax planning. Mr. Goldglantz earned his B.S. degree from the University of Florida; his J.D. degree, magna cum laude, from Nova Southeastern University Shepard Broad Law Center; and his LL.M. degree from the University of Florida, Levin College of Law.

CHRISTOPHER B. HOPKINS is a member with McDonald Hopkins LLC, in their West Palm Beach office. He has extensive trial and appellate experience and his practice includes commercial, construction, defamation, medical/nursing home, probate, injury, and general civil litigation and appeals. Mr. Hopkins' practice frequently involves cyber security, drones, e-discovery, social media, bitcoin, internet crimes, website/app contracts, and other technology-related issues, from drafting contracts and policies to litigation. He is a Florida Supreme Court certified civil circuit mediator and qualified arbitrator. Mr. Hopkins has published more than 100 legal articles on law and technology, ethics, and trial. He is the host of www.InternetLawCommentary.com. Mr. Hopkins earned his B.A. degree from the University of Richmond, his Master's degree from Wesley Theological Seminary, and his J.D. degree from Tulane Law School. He is admitted to practice in D.C., Florida, and New York.

MICHAEL A. LAMPERT is a board-certified tax lawyer in private practice in West Palm Beach, where his practice emphasizes the areas of taxation, estate, and business planning, with a special emphasis on tax controversy matters. Mr. Lampert has lectured extensively before both professional and community organizations. He is past chair of The Florida Bar Tax Section and has served as education division director, administration division co-director and long range planning division co-director. Mr. Lampert is past president of the Palm Beach Tax Institute, has served as chair of the Tax Law Committee of the Palm Beach County Bar Association, and served for six years on the Tax Law Certification Committee of The Florida Bar Board of Legal Specialization and Education. He is a fellow of the American College of Tax Counsel, selected as a Super Lawyer in Florida Super Lawyers, and is a member of the Gulf Coast Tax Exempt/Government Entity Council. Mr. Lampert earned his A.B. degree from the University of Miami, his J.D. degree from Duke University, and his LL.M. degree in taxation from New York University.

MARK R. MANCERI is the owner of Mark R. Manceri, P.A., where he specializes his practice in estate, trust and guardianship litigation. These matters include will and trust contests involving lack of capacity, undue influence, forgery, improper execution, and tortious interference with an inheritance. Other areas include trust reformations and modifications, creditor claims, trust and will construction, accounting disputes, and all types of actions alleging a breach of fiduciary duty. The firm represents both fiduciaries and beneficiaries, including corporate trust companies and professional guardians. Mr. Manceri has handled hundreds of adversarial estate, trust and guardianship matters in Florida over the last 25 years and has been involved in more than 30 appeals. He has been certified by The Florida Bar in wills, trusts and estates since 1991. Mr. Manceri is also a Florida certified public accountant since 1984. He earned his B.S. degree from Long Island University and his J.D. degree from the University of Miami.

LINDSAY MILLER is a paralegal at the law firm of Greenspoon Marder, P.A., in Miami, Florida. Ms. Miller’s primary areas of practice are trust and estate drafting and administration. Prior to working at Greenspoon Marder, P.A., Ms. Miller worked as an in-house paralegal for Linder Law Group for several years. While at Linder Law Group, she focused on financial planning and specializing in complex and individually tailored, targeted solutions for estates including corporate, international, and all other family planning needs. Ms. Miller earned her degree from Florida International University.

Please refer to Continuing Education Credit FAQ for general information about seeking credit for your participation in one of our continuing education programs.

Additionally, our team of credit specialists are here to answer your specific credit-related questions weekdays 7am - 5pm Central:

Phone: 866-240-1890

Email: credit@nbi-sems.com

Accreditation Details:

Continuing Legal Education

FL CLE: 14.50 Includes - Elder Law: 14.50, Ethics: 1.00, Tax: 14.50, Wills, Trusts and Estates: 14.50
Approved by The Florida Bar for a maximum of 14.5 general hours of CLER credit including 1.0 hour of ethics. Certification: 14.5 hours - Elder Law; 14.5 hours - Tax; 14.5 hours - Wills, Trusts and Estates.


OH CLE: 12.00 Includes - Ethics: 1.00
This course has been approved by the Ohio Supreme Court Commission on Continuing Legal Education for 12.0 CLE credit hours, including 1.0 hour of attorney professional conduct instruction.


International Association for Continuing Education Training

N IACET: 1.20
NBI, Inc. is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU. NBI, Inc. is authorized by IACET to offer 1.2 CEUs for this program. At the end of the program, participants must complete a self-assessment in order to receive credit. 100% attendance is required. (Provider #1004558)

Upon completion of this course, attendee will be able to: 1. Recall what forms of administration exist. 2. List the first steps of the estate administration process. 3. Compare survivorship and beneficiary designation. 4. Restate the rights of the spouse in estate administration. 5. Explain what happens when the trust becomes irrevocable. 6. Restate what income tax forms are used in estate administration. 7. Recall what estate and gift tax forms are used in estate administration and when. 8. Compare secured and unsecured debts in estate administration. 9. Provide an example of two types of mandatory distributions. 10. Discuss the role of non-family business interests in estate administration. 11. Distinguish between ethical and unethical practices. 12. List three items that must be included in the final accounting.

National Association of State Boards of Accountancy

N NAS: 14.00 Includes - Regulatory Ethics: 1.00, Specialized Knowledge: 5.00, Taxes: 8.00
NBI, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. This program is designed to qualify for 14.0 hours (based on 50 minute credit hour) of continuing professional education credit for accountants. For more information regarding administrative policies such as complaint and refund, please contact our offices at (800) 930-6182.

This is a basic level program presented in a group live setting. No advanced preparation or prerequisites are required. This course will: 1. List the first steps of the estate administration process. 2. Compare survivorship and beneficiary designation. 3. Compare secured and unsecured debts in estate administration. 4. Restate the rights of the spouse in estate administration. 5. Explain what happens when the trust becomes irrevocable. 6. Restate what income tax forms are used in estate administration. 7. Recall what estate and gift tax forms are used in estate administration and when. 8. Provide an example of two types of mandatory distributions. 9. Discuss the role of non-family business interests in estate administration. 10. Distinguish between ethical and unethical practices. 11. List three items that must be included in the final accounting. No advanced preparation or prerequisites are required. Field(s) of Study -- Specialized Knowledge; Regulatory Ethics; Taxes.

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How To Order

Web: Order Now
Call: 800.930.6182
Fax: 715.835.1405
Mail: NBI
P.O. Box 3067
Eau Claire, WI 54702