Live Seminar

Estate Administration Boot Camp

Seminar

Date:

2 Day Seminar
Monday, April 23, 2018 -
Tuesday, April 24, 2018

Time:

9:00 AM - 4:30 PM

Product ID#:

78772ER

Location:

Hilton Garden Inn Lancaster

101 Granite Run Drive

Lancaster, PA 17601

$575.00

$565 / Each Additional

$555 / New Professional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • NJ CLE - 14.40
  • NY CLE - 14.00
  • PA 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.
  • Find the most advantageous way to structure 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.
  • Prevent mistakes in final petition and ensure each estate is closed quickly and without disputes.

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
  • Key Intestacy Laws You Must Know
  • Handling Debts and Claims Against the Estate
  • Spouse Elective Share and Disclaimers

DAY 2

  • Trusts That Affect Estate Administration
  • Handling Distributions
  • Portability and Estate, Gift, GST Taxes
  • Estate and Trust Contests, Disputes, Challenges
  • 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 14.40 -  NJ*
CLE 14.00 -  NY*
CLE 12.00 -  PA*

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, Written by Jennifer Popelack. Presented by Jennifer Popelack in Philadelphia and Richard R. Budney Jr. in Lancaster.
  • First Steps and Notices, Executor Duties, Opening the Estate
    10:15 - 11:15, Written by Jennifer Popelack. Presented by Jennifer Popelack in Philadelphia and Richard R. Budney Jr. in Lancaster.
    • 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
    11:15 - 12:15, Written by Ross E. Bruch. Presented by Ross E. Bruch in Philadelphia and Cynthia Love Dengler in Lancaster.
    • 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
  • Key Intestacy Laws You Must Know
    1:15 - 2:15, Written by Ross E. Bruch. Presented by Ross E. Bruch in Philadelphia and David J. Lenox in Lancaster.
  • Handling Debts and Claims Against the Estate
    2:30 - 3:30, Written by Thomas E. Shea. Presented by Thomas E. Shea in Philadelphia and David J. Lenox in Lancaster.
    • Secured vs. Unsecured Claims
    • Interest on Claims
    • Debts Left Over From Improperly Executed Joint Tenancies
    • Medicaid Estate Recovery and Other Liens
    • Insolvent Estates
  • Spouse Elective Share and Disclaimers
    3:30 - 4:30, Written by Thomas E. Shea. Presented by Thomas E. Shea in Philadelphia and Rebecca A. Hobbs in Lancaster.
    • Making the Election
    • Disclaiming an Interest: Who Can Disclaim, Statutory Requirements, Procedure, Consequences

DAY 2

  • Trusts That Affect Estate Administration
    9:00 - 9:50, Written by David M. Frees III and Whitney Patience O'Reilly. Presented by David M. Frees III and Whitney Patience O'Reilly in Philadelphia and Rebecca A. Hobbs in Lancaster.
    • 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
  • Handling Distributions
    9:50 - 10:40, Written by David M. Frees III and Whitney Patience O'Reilly. Presented by David M. Frees III and Whitney Patience O'Reilly in Philadelphia and Rebecca A. Hobbs in Lancaster.
    • Discretionary Distributions
    • Mandatory Distributions
    • Refunding Agreements
    • Spendthrift Trusts and Creditor Attachments
  • Portability and Estate, Gift, GST Taxes
    10:55 - 11:45, Written by Rebecca Sallen. Presented by Rebecca Sallen in Philadelphia and Stephen W. Wiener in Lancaster.
    • Determining DSUE and Claiming Portability
    • State and Federal Estate, Gift and GST Taxes - Planning and Reporting
    • Streamlined, Partial-Streamlined and Complete Estate Tax Returns
  • Estate and Trust Contests, Disputes, Challenges
    11:45 - 12:35, Written by Rebecca Sallen. Presented by Rebecca Sallen in Philadelphia and Stephen W. Wiener in Lancaster.
    • Beneficiary Conflicts
    • Executor and Trustee Disputes
    • Will Contests
    • Concealment Actions
    • Objections to Final Accounts
    • Deterrence - Trustee Selection, Trust Protectors, No-Contest Clauses, Etc.
  • Business Interests in Estate Administration
    1:35 - 2:25, Written by Matthew C. Samley. Presented by Jack J. Hetherington in Philadelphia and Matthew C. Samley in Lancaster.
    • 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
    2:40 - 3:40, Written by Elaine T. Yandrisevits. Presented by Elaine T. Yandrisevits in Philadelphia and Matthew C. Samley in Lancaster.
    • Who is Your Client? Avoiding Conflicts of Interest
    • Attorney Fees
    • Protecting Confidentiality
    • Ethics for the Fiduciary?
    • Client Competence Issues
  • Closing the Estate and Final Accounting
    3:40 - 4:30, Written by Elaine T. Yandrisevits. Presented by Elaine T. Yandrisevits in Philadelphia and Gregory L. Latimer in Lancaster.
    • Final Accounting Step-by-Step
    • Filing the Final Petition; Contents
    • Final Expenses, Debts, Taxes, Fees and Distributions
    • Discharge of Fiduciary
April 19 - April 20 Philadelphia

ROSS E. BRUCH is the vice president of wealth management at Brown Brothers Harriman & Co., in their Philadelphia office. Mr. Bruch focuses on multi-generational wealth planning and family business succession planning. Prior to joining Brown Brothers Harriman & Co., he was in private legal practice in the private client group at Saul Ewing LLP, where he focused on estate, gift and generation-skipping transfer tax planning. Mr. Bruch earned his B.A., J.D. and M.S. degrees from the University of Pennsylvania and his LL.M. degree in taxation from Temple University.

DAVID M. FREES III is a partner and chairman of Unruh, Turner, Burke & Frees, P.C.'s trust, estate and wealth preservation section. He is an author and regular speaker on the topics of estate practice marketing, estate and trust planning, estate dispute mediation, influence and persuasion. Mr. Frees has spoken to audiences from Harvard, Yale, Cornell, Dickinson and Washington colleges, as well as Comcast, Aramark Corporation, Travelers, GE and many other corporations and conventions. He also has appeared on more than one hundred radio and television shows including those on Fox, NPR and PBS. Mr. Frees earned his undergraduate degree, summa cum laude, from Dickinson College and his J.D. degree, magna cum laude, from the University of Pennsylvania Law School.

JACK J. HETHERINGTON is a sole practitioner in Chalfont, Pennsylvania. His main area of practice is in elder law. Mr. Hetherington has been certified in elder law by the National Elder Law Foundation. He is also a certified mediator in Orphan's Court disputes. Mr. Hetherington is an adjunct professor at the Bucks County Community College, teaching elder law in the paralegal program. He has written on many subjects now known as "Elder Law" and has both planned and presented continuing legal education programs for several professional organizations, including the Pennsylvania Bar Institute (PBI); the American Association of Justice; the National Organization of Social Security Claimants Representatives (NOSSCR); the National Academy of Elder Law Attorneys (NAELA); the American Trial Lawyers Association (now American Association for Justice); the Bucks County Bar Association (BCBA); the Medical Professional Education Specialists (MEDS-PDN); National Business Institute; and other professional and community educational organizations, including the Alzheimer's Association. Mr. Hetherington holds memberships with the Pennsylvania and Bucks County bar associations, the National Academy of Elder Law Attorneys, the National Organization of Social Security Claimant's Representatives, and the American Association for Justice. Mr. Hetherington has been admitted to the courts of Pennsylvania and the federal courts. He earned his B.S. degree from the University of Pennsylvania and his J.D. degree from Gonzaga University School of Law.

WHITNEY PATIENCE O'REILLY is an attorney with Unruh, Turner, Burke & Frees, P.C., where she is a member of the trust, estate and wealth preservation section. Ms. O’Reilly's practice is focused in the areas of trusts and estates, asset protection, wealth preservation and elder law. She has a background in estate planning and estate and trust administration, and has written extensively for the firm on these topics. She is admitted to practice in Pennsylvania and before the Supreme Court of Pennsylvania and the Supreme Court of New Jersey. Ms. O’Reilly is a member of the Chester County Bar Association and the Pennsylvania Bar Association. She earned her B.A. degree, magna cum laude, from Cabrini College; her J.D. degree, cum laude, from Widener University School of Law; and her LL.M. degree in tax from Temple Law School.

JENNIFER POPELACK is an attorney with the law firm of Mattioni, Ltd., where her main areas of practice are estate administration, estate planning, estate litigation, real estate, and commercial litigation. Ms. Popelack currently serves as a board member of the Justinian Society and is a member of the Philadelphia Bar Association. She is admitted to practice law in Pennsylvania and New Jersey, and before the U.S. District Courts for the Eastern District of Pennsylvania, Middle District of Pennsylvania, and District of New Jersey. Ms. Popelack earned her B.A. degree from La Salle University and her J.D. degree, summa cum laude, from Widener University School of Law, Delaware. She earned an estate planning certificate from Temple University, Beasley School of Law.

REBECCA SALLEN is an attorney with Sallen Law LLC, where she practices in the areas of estate planning, administration and probate, and combined it with her skills in mediation, alternative tension resolution and coalition building to help her clients and their families. In addition to taking pro bono cases, Ms. Sallen is the legal counselor for the non profit organizations So 2 Speak and Together We Act. She has worked for ten years with blind, autistic and physically impaired children. Ms. Sallen has taught American Sign Language to college students and children. She is a member of the New Jersey State and Pennsylvania bar associations. She earned her B.A. degree, magna cum laude, from Emory University and her J.D. degree from Saint Louis University, where she also received a certificate from the nationally recognized William C. Wefel Center.

THOMAS E. SHEA is an attorney in the law firm of Stern & Eisenberg, PC, where he focuses his practice in the areas of estate planning and administration, business formation and succession planning, charitable planning, and asset protection planning. He also advises clients on business entity formation, employment matters, real estate transactions, and marital agreements. Mr. Shea is a frequent lecturer on various estate planning issues to local organizations, and has written or co-written articles for legal publications and business magazines. He has years of experience with tax exempt organizations, both professionally and personally as a current or former board member of the Wissahickon Boys Lacrosse Club, Wissahickon Lacrosse Boosters Association, Whitpain Recreation Association, and the Eddie Shea Scholarship Fund. Mr. Shea is also a former board member and past president of the Norristown Zoological Society. He earned his B.A. degree from Villanova University and his J.D. degree, with honors, from Widener University.

ELAINE T. YANDRISEVITS is an attorney with McAndrews Law Offices, P.C., where she focuses her practice on probate, special needs trusts, estate planning and guardianship. She is licensed to practice in Pennsylvania and New Jersey. Ms. Yandrisevits is a member of the Pennsylvania Bar Association, the New Jersey State Bar Association, Philadelphia Estate Planning Council, and the Lehigh Valley Estate Planning Council. She earned her undergraduate degree from the University of Delaware and her J.D. degree from Drexel University Thomas R. Kline School of Law. Ms. Yandrisevits also holds an L.L.M. degree in taxation from Villanova University School of Law.

April 23 - April 24 Lancaster

RICHARD R. BUDNEY JR. is a partner in the Philadelphia, Pennsylvania law firm of Mulvey, Flanagan, & Budney, P.C. His current practice is limited to representing claimants in all aspects of plaintiff litigation matters with emphasis in workers' compensation, Social Security disability, unemployment compensation, personal injury, as well as estate planning matters. Mr. Budney has represented clients, including members of the Fraternal Order of Police Lodge 5, City of Philadelphia District Council 33 and City of Philadelphia Local 159, at all levels of the administrative and appellate levels for workers' compensation, Social Security and Supplemental Security Income matters. He earned his B.A. degree from La Salle University and his J.D. degree from Widener University School of Law. Mr. Budney also has received an estate planning certification from Temple University School of Law.

CYNTHIA LOVE DENGLER is a partner in the law firm of Murphy & Dengler, where she focuses her practice in estate administration and also maintains a general plaintiff's practice. Ms. Dengler was an instructor for more than four years in the areas of estate administration and business in the paralegal program at Pierce College. She is admitted to practice in Pennsylvania and Ohio. Ms. Dengler is a member of the Ohio State, Pennsylvania, and Montgomery County bar associations; and the Pennsylvania Association for Justice. She earned her B.S. degree from Youngstown State University and her J.D. degree from the University of Toledo.

REBECCA A. HOBBS is an attorney with O’Donnell, Weiss & Mattei, P.C., with offices in Pottstown and Phoenixville. She focuses her practice on elder law, special needs planning, estate planning, estate and trust administration, and veteran’s benefits. Ms. Hobbs is a certified elder law attorney (CELA) certified by the National Elder Law Foundation as authorized by the Pennsylvania Supreme Court. She is licensed to practice in both Pennsylvania and New Jersey. Ms. Hobbs is an accredited attorney for the preparation, preservation and prosecution of claims for veterans’ benefits before the United States Department of Veterans Affairs. She is an active member of the National Academy of Elder Law Attorneys (Special Needs Law Section Steering Committee), the Pennsylvania Association of Elder Law Attorneys, Pennsylvania Bar Association (Charitable Organizations Committee and the Legal Services to Persons with Disabilities Committee), and the Montgomery County Bar Association (Elder Law Section and is currently participating in their Leadership Academy). Ms. Hobbs earned her B.A. degree from Eastern University and J.D. degree from Regent University School of Law.

GREGORY L. LATIMER is an attorney with Mitchell & Young, PLLC, where he has a diverse practice that includes estate planning and administration, property transactions, as well as business formation, governance, and succession planning. Mr. Latimer is admitted to practice in Pennsylvania. He is a member of the Lancaster Bar Association and Pennsylvania Bar Association. Mr. Latimer earned his B.S. degree from Messiah College and his J.D. degree from Drexel University Thomas R. Kline School of Law.

DAVID J. LENOX is a sole practitioner with David J. Lenox, Attorney at Law, where his areas of practice include estate planning, elder law, and real estate. Mr. Lenox has spoken for various professional groups on his areas of practice. He is admitted to practice in Pennsylvania. Mr. Lenox is a member of the York County Bar Association, Pennsylvania Bar Association, and National Academy of Elder Law Attorneys. He earned his B.A. degree from Mount St. Mary's College and his J.D. degree from Dickinson School of Law.

MATTHEW C. SAMLEY is a shareholder of Reese, Samley, Wagenseller, Mecum & Longer, P.C., in Lancaster, where he practices in the areas of bankruptcy and creditors' rights, real estate, business transactions, small business formation, business buy and sell, and estate planning and administration. He serves as parliamentarian for the Lancaster County Commercial and Industrial Real Estate Council. Mr. Samley is on the adjunct faculty for Harrisburg Area Community College in Lancaster where he teaches a variety of courses in the Department of Business Studies. He frequently presents at professional education programs on landlord-tenant collection law, ethics, LLC formation, contracts, and bankruptcy. Mr. Samley is a member of the Business Law Section of the Pennsylvania Bar Association, the Estate Planning Council of Lancaster County and the Eastern District of Pennsylvania Bankruptcy Conference. He earned his B.S. degree, cum laude, from Millersville University and J.D. degree from Dickinson School of Law.

STEPHEN W. WIENER is a partner in the law firm of Wiener and Wiener LLP, with offices in Allentown, Pennsylvania and West Palm Beach, Florida. Mr. Wiener practices in the areas of closely-held businesses, estate planning, probate and administration, franchise law and taxation. He earned his B.S. degree from Wharton School, University of Pennsylvania and his J.D. degree from Dickinson School of Law. Mr. Wiener has lectured on estate planning and closely-held businesses for business and professional groups. He is the author of various published articles on estate planning. Mr. Wiener is a member of the Lehigh County, Pennsylvania and American (member, Estate and Gift Tax Committee) bar associations; and The Florida Bar.

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

NJ CLE: 14.40 Includes - Ethics: 1.20
This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 14.4 hours of total CLE credit. Of these, 1.2 qualify as hours of credit for ethics/professionalism.


NY CLE: 14.00 Includes - Areas of Professional Practice: 13.00, Ethics: 1.00
This course has been approved in accordance with the requirements of the New York State Continuing Legal Education Board for a maximum of 14.0 credit hours. 13 hours can be applied to the areas of professional practice requirement and 1.0 hour can be applied toward the ethics and professionalism requirement. This live format program is appropriate for newly admitted and experienced attorneys.


PA CLE: 12.00 Includes - Ethics: 1.00
This program has been approved by the Pennsylvania Continuing Legal Education Board for a total of 12.0 hours, including 11.0 hours of substantive law, practice and procedure CLE credit and 1.0 hour of ethics, professionalism or substance abuse CLE credit.


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. Explain what happens to the estate when there is no will. 5. Compare secured and unsecured debts in estate administration. 6. Restate the rights of the spouse in estate administration. 7. Explain what happens when the trust becomes irrevocable. 8. Provide an example of two types of mandatory distributions. 9. Recall what estate and gift tax forms are used in estate administration and when. 10. List at least two executor/trustee disputes. 11. Discuss the role of non-family business interests in estate administration. 12. Distinguish between ethical and unethical practices. 13. 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: 6.00, Taxes: 7.00
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. Explain what happens to the estate when there is no will. 4. Compare secured and unsecured debts in estate administration. 5. Restate the rights of the spouse in estate administration. 6. Explain what happens when the trust becomes irrevocable. 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. 12. List at least two executor/trustee disputes. No advanced preparation or prerequisites are required. Field(s) of Study -- Specialized Knowledge; Regulatory Ethics; Taxes.

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Fax: 715.835.1405
Mail: NBI
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