Live Seminar

Estate Administration Boot Camp

Seminar

Date:

2 Day Seminar
Wednesday, May 09, 2018 -
Thursday, May 10, 2018

Time:

9:00 AM - 4:30 PM

Product ID#:

78871ER

Location:

Hilton Waikiki Beach

2500 Kuhio Avenue

Honolulu, HI 96815

$575.00

$565 / Each Additional

$555 / New Professional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • CA CLE - 12.00
  • HI 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.
  • 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
  • Handling Debts and Claims Against the Estate
  • Spouse Elective Share and Disclaimers
  • Trusts that Affect Estate Administration

DAY 2

  • Income Tax Returns
  • Portability and Estate, Gift, GST Taxes
  • Business Interests in Estate Administration
  • Legal Ethics in Estate Administration
  • Closing the Estate, Handling Distributions and Final Accounting
  • Estate and Trust Contests, Disputes, Challenges

Continuing Education Credit

Continuing Legal Education

Credit Hrs State
CLE 12.00 -  CA*
CLE 12.00 -  HI*

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 - 10:10, Summer G. Shelverton
  • First Steps and Notices, Executor Duties, Opening the Estate
    10:25 - 11:35, Summer G. Shelverton
    • 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
  • Handling Debts and Claims Against the Estate
    12:35 - 1:50, Kenn N. Kojima
    • Claims and Presentment of Claims
    • Disallowance of Claims
    • Litigation of Claim
    • Claims Bar
    • Payment of Claims
    • Claims Exceeding Assets
  • Spouse Elective Share and Disclaimers
    1:50 - 3:00, Kenneth A. Martyn
    • Making the Election
    • Disclaiming an Interest: Who Can Disclaim, Statutory Requirements, Procedure, Consequences
  • Trusts that Affect Estate Administration
    3:15 - 4:30, Kenneth A. Martyn
    • 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)

DAY 2

  • Income Tax Returns
    9:00 - 10:00, Nancy Evans Tudor
    • 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
    10:15 - 11:15, Nancy Evans Tudor
    • Determining DSUE and Claiming Portability
    • State and Federal Estate, Gift and GST Taxes - Planning and Reporting
    • Streamlined, Partial-Streamlined and Complete Estate Tax Returns
  • Business Interests in Estate Administration
    11:15 - 12:15, Mark D. Hunsaker
    • 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
    1:15 - 2:15, Kenn N. Kojima
    • Who is Your Client? Avoiding Conflicts of Interest
    • Fiduciary Duties to Personal Representatives and Beneficiaries
    • Attorney Fees
    • Protecting Confidentiality
    • Client Competence Issues
  • Closing the Estate, Handling Distributions and Final Accounting
    2:30 - 3:30, Daniel C. Vermillion
  • Estate and Trust Contests, Disputes, Challenges
    3:30 - 4:30, Kenn N. Kojima
    • Litigation in Probate Court
    • Beneficiary Conflicts
    • Executor and Trustee Disputes
    • Will Contests
    • Concealment Actions
    • Objections to Final Accounts
    • Deterrence of Contests, Disputes, Challenges

NANCY EVANS TUDOR is a managing member with Tudor Wilson & Associates, CPAs, LLC. She has 30 years of experience in taxation and accounting, initially as an IRS auditor, and later as a certified public accountant. Ms. Tudor's areas of tax expertise include S corporations, partnerships, fiduciary, foreign, and individual income tax; and estate and gift taxation. She is a certified public accountant in Montana and Hawaii. Ms. Tudor is a member of the American Institute of Certified Public Accountants, American Society of Women Accountants, Association of Fraud Examiners, Hawaii Society of Certified Public Accountants (former chair, Tax Committee; former co-chair, Task Force on Tax Simplification), and the Hawaii Estate Planning Council. Ms. Tudor earned her B.A. degree from the University of North Carolina at Chapel Hill.

MARK D. HUNSAKER is a shareholder and CPA in the Honolulu CPA firm of Bowen Hunsaker, Inc. Mr. Hunsaker has more than 20 years' experience with International Big Six, regional and local CPA firms. He holds a CPA certificate in Hawaii and American Samoa; is a certified business appraiser; and is a member of the Institute of Business Appraisers (IBA) and a member of the American Society of Appraisers (ASA - candidate member). Mr. Hunsaker is also a member of the Family Law Section of the Hawaii State Bar Association, as well as a director of the Hawaii Estate Planning Council, and a member of the Consumer Lawyers of Hawaii. He is a graduate of Kemper Military College. Mr. Hunsaker earned a B.S. degree in accounting and a B.S. degree in business administration from the University of Kansas. He also attended the University of Kentucky Graduate School of Business.

KENN N. KOJIMA is a solo practitioner in Honolulu, Hawaii, where he concentrates his practice on trust and estate litigation, contested conservatorships and guardianships, as well as trust administration. Cases have involved validity of wills and trusts, disputes over beneficiary distributions, removal of trustees, partitions, and much more. He represents personal representatives, trustees, beneficiaries, and family members. Mr. Kojima was previously a litigation partner at Dwyer Imanaka Schraff Kudo & Fujimoto, where he was a commercial litigator in real estate, bankruptcy, and foreclosures. Mr. Kojima is a member of the American and Hawaii State (member, Probate, Elder Law, Collection and Appellate sections) bar associations, Hawaii Estate Planning Council, and the National Asian Pacific Bar Association. He earned his B.B.A. degree, with high honors, from the University of Hawaii at Manoa and his J.D. degree from the Georgetown University Law Center.

KENNETH A. MARTYN is an attorney in Honolulu, Hawaii, where he has been practicing in the areas of U.S. and international estate tax for more than 25 years. Mr. Martyn has worked as a sole proprietor in Hawaii since 1985 with a practice that emphasizes estate planning and real estate, including Section 1031 like-kind exchanges. In recent years, he also has practiced in the area of real estate title insurance defense for Chicago Title Insurance, as well as securities arbitrations, in addition to extensive estate planning and estate tax work. Mr. Martyn served as an extern clerk to Justice Stanley Mosk of the California Supreme Court, and later worked as a domestic and international tax attorney for Fenwick & West, a large Silicon Valley law firm. He is licensed in both California and Hawaii. Mr. Martyn earned his B.A. degree, with high honors, from the University of California at Santa Barbara and his J.D. degree from UCLA School of Law, where he was ranked 7th out of 335 graduates.

SUMMER G. SHELVERTON is an attorney in the trusts and estates department of Cades Schutte LLP, where she focuses her practice on estate planning, trust administration, probate, conservatorships, and guardianships. Previously she served as a judicial extern to the Honorable Richard R. Clifton on the U.S. District Court of Appeals for the Ninth Circuit. Ms. Shelverton is a member of the Hawaii State Bar Association (chair of the Elder law Section, member of the Probate & Estate Planning Section), American Bar Association, and the Hawaii Estate Planning Council. She is admitted to practice before all Hawaii courts and the U.S. District Court for the District of Hawaii. Ms. Shelverton earned her B.A. degree from the University of North Carolina at Chapel Hill and her J.D. degree, summa cum laude, from the University of Hawaii William S. Richardson School of Law.

DANIEL C. VERMILLION is an attorney with Cades Schutte LLP, where he counsels clients with matters related to all aspects of trust administration and estate settling, such as preparation and implementation of both revocable and irrevocable estate planning techniques, including intentionally defective grantor trusts, qualified personal residence trusts, irrevocable life insurance trusts, grantor retained annuity trusts, and other accompanying documents to ensure a smooth transition between generations. He has taught estate drafting as an adjunct professor at the University of California, Hastings College of the Law; and served as a guest lecturer at UC Hastings and Golden Gate University on estate and gift taxation. Mr. Vermillion received his LL.M. degree from New York University; his B.A. degree from the University of California, Santa Barbara; and his J.D. degree, cum laude, from the University of California, Hastings College of Law.

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

CA CLE: 12.00 Includes - Ethics: 1.00
This activity has been approved for Minimum Continuing Legal Education credit by the State Bar of California in the amount of 12.0 hours, of which 1.0 hour will apply to legal ethics. NBI, Inc. certifies this activity conforms to the standards for approved education activities prescribed by the rules and regulations of the State Bar of California governing minimum continuing legal education. NBI, Inc. is a State Bar of California approved MCLE provider - #53.


HI CLE: 12.00 Includes - Ethics: 1.00
NBI, Inc. is an Accredited Provider with the Hawaii State Board of Continuing Legal Education. This activity has been approved for a total of 12.0 hours of continuing legal education credit for the state of Hawaii, which includes 1.0 hour of ethics or professional responsibility education.


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 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. Discuss the role of non-family business interests in estate administration. 9. Distinguish between ethical and unethical practices. 10. List three items that must be included in the final accounting. 11. List at least two executor/trustee disputes.

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. Restate what income tax forms are used in estate administration. 8. Recall what estate and gift tax forms are used in estate administration and when. 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. 13. 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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Questions


How To Order

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