Live Seminar

Estate Administration From Start to Finish

Seminar

Date:

Wednesday, April 18, 2018

Time:

8:30 AM - 4:40 PM

Product ID#:

78763ER

Location:

Courtyard by Marriott & Grappone Conference Center

70 Constitution Ave

Concord, NH 03301

$349.00

$339 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • NH CLE - 6.60

CPE for Accountants

  • CPE for Accountants/NASBA - 8.00

Other

  • Financial Planners - 8.00
  • IACET - 0.70
  • PACE - 8.00

Program Description

A Step-By-Step Guide to Estate Administration

Designed for attorneys who are new to estate administration or need a basic refresher, this course will provide you with a comprehensive overview of estate administration, including proper asset valuation and distribution, taxation, and account closing procedures. You'll also learn how to correctly deal with thorny estate administration debt issues, including jointly held assets, business ownership and complex tax issues. Equip yourself with real-life, practical knowledge to ensure you are fully prepared to handle the entire estate administration process from start to finish - register today!

  • Learn how to meet every deadline, follow procedures and complete essential forms.
  • Identify key estate administration pitfalls you need to avoid.
  • Acquire strategies to ensure you can help your clients through every step of the probate process.
  • Manage your client's entire estate administration procedures properly and effectively.
  • Learn how to tackle complex estate administration issues such as tax issues, jointly held assets and will contests.
  • Understand how to properly transfer and distribute assets.
  • Explore proper procedures and processes when dealing with insurance claims and debt during estate administration.
  • Gain a better understanding of the probate court's procedures so that you can avoid common pitfalls and mistakes.
  • Get the latest information on allowances and elections against the will.
  • Identify how to properly distribute assets to minors, surviving spouses and trusts.

Who Should Attend

This basic-to-intermediate level seminar is designed for professionals who want to be more effective in the estate administration process, such as:

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

Course Content

  1. Initial Steps to the Estate Administration Process
  2. Marshalling Assets
  3. Will and Trust Contests
  4. Pretermitted Heir, Creditor Claims, and Inventory & Account Disputes
  5. Complex Issues in Estate Administration
  6. Handling Estate Administration Tax Issues
  7. Distribution and Closing of the Estate
  8. Ethics and Estate Administration

Continuing Education Credit

Continuing Legal Education – CLE: 6.60 *

Financial Planners – Financial Planners: 8.00

International Association for Continuing Education Training – IACET: 0.70

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 8.00 *

Professional Achievement in Continuing Education – PACE: 8.00 *


* denotes specialty credits

Agenda / Content Covered

  1. INITIAL STEPS TO THE ESTATE ADMINISTRATION PROCESS
    8:30 - 9:15, Lisa J. Bellanti
    1. Understanding the Laws of Intestacy
    2. Sample Estate Administration Checklists, Forms and Required Notices Needed
    3. Interpreting Provisions and Terms of Art Found in Wills
    4. Using Disclaimers Correctly
  2. MARSHALLING ASSETS
    9:15 - 10:00, Lisa J. Bellanti
    1. Procedures to Locating and Marshalling Probate and Non-Probate Assets
      1. Safe Deposit Boxes and Bank Accounts
      2. Real Estate
      3. Brokerage Accounts, 401Ks, IRAs, Pensions and Life Insurance Policies
    2. Sample Forms and Documents Needed
    3. Appraisers and Valuing the Property of Probate Estates
  3. WILL AND TRUST CONTESTS
    10:15 - 11:00, Ralph F. Holmes
    1. Will and Trust Contests
    2. Power of Attorney and Constructive Trust Claims
  4. PRETERMITTED HEIR, CREDITOR CLAIMS, AND INVENTORY & ACCOUNT DISPUTES
    11:00 - 11:50, Ralph F. Holmes
    1. Pretermitted Heir Claims
    2. Creditor Claims and Disputes
    3. Inventory and Account Objections
  5. COMPLEX ISSUES IN ESTATE ADMINISTRATION
    11:50 - 12:40, Susanne M. Chisholm
    1. Jointly Held Assets
    2. Spousal Claims
      1. Allowances and Elections Against the Will
    3. Handling Unmarried Couples and Stepchildren
    4. Will Contests, Trust and Estate Disputes
    5. Business Ownership
    6. Agency Problems Involving Guardianships, Conservatorships, Powers of Attorney or Other Agency Relationships
  6. HANDLING ESTATE ADMINISTRATION TAX ISSUES
    1:40 - 2:30, Susanne M. Chisholm
    1. Examples of Forms Needed
    2. Federal and State Estate Tax Considerations
    3. Income Tax Issues for the Estate and the Heirs
    4. Resolving Disputes With Taxing Authorities
    5. Deductions and Exemptions
    6. How the Generation-Skipping Transfer Tax Affects Your Clients
    7. Tax Deadlines and Handling Extensions
    8. Sales of Real Property
  7. DISTRIBUTION AND CLOSING OF THE ESTATE
    2:30 - 3:25, Nelson A. Raust
    1. Sample Forms, Agreements and Documents Needed
    2. Proper Transferring and Distribution of Probate and Non-Probate Assets and Timing of Distributions
      1. Real Estate
      2. 401Ks, IRAs, Pensions and Life Insurance Policies
      3. Distribution of Miscellaneous Assets (Automobiles, Jewelry, Etc.)
    3. Distributions in Kind
    4. Distribution to Minors, Surviving Spouse and Trusts
    5. Disposition of Unclaimed Assets
    6. Proper Settlement of the Estate
      1. Formal and Informal Estate Accountings
      2. Choosing the Appropriate Closing Procedure
      3. Compensation and Discharge of the Personal Representative
  8. ETHICS AND ESTATE ADMINISTRATION
    3:40 - 4:40, Nelson A. Raust
    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Attorney-Client Privilege
    4. Fee Agreements

LISA J. BELLANTI has practiced in Derry, New Hampshire since 1998 in the area of elder law, including estate and trust administration, probate litigation, civil commitments and guardianships. She represents community mental health centers, families and proposed wards in guardianship proceedings. Ms. Bellanti has handled contested and uncontested estate and trust matters, including acting as a court-appointed fiduciary. She earned her B.A. degree at the University of Massachusetts-Amherst and her J.D. degree from Boston University School of Law.

SUSANNE M. CHISHOLM is an attorney and shareholder at Lawson Persson & Chisholm, PC, where she concentrates her practice in the areas of probate and estate planning. Ms. Chisholm began her law career working for a Big Six accounting firm before transitioning to private practice. She is admitted to the Connecticut and New Hampshire bars. Ms. Chisholm is a member of the New Hampshire Bar Association, the Connecticut Bar Association, the American Bar Association and the Estate Planning Council. She frequently teaches continuing legal education courses on estate planning and probate topics. Ms. Chisholm received her B.A. degree from the University of Vermont. She received her J.D. degree from the University of Connecticut School of Law, where she was the recipient of the American Jurisprudence Award and The Little, Brown & Company Awards in trusts and estates.

RALPH F. HOLMES is an attorney with the firm of McLane, Graf, Raulerson & Middleton, P.A., where he handles medical malpractice, probate and commercial litigation. He has written numerous articles for the professional legal press on issues of trial practice. Mr. Holmes earned his B.A. degree from Lafayette College and his J.D. degree from Boston College. He is a member of the New Hampshire and the American bar associations, and The American Association for Justice. Mr. Holmes has served as legal counsel to the Greater Manchester Chamber of Commerce and president of the New Hampshire Association for Justice.

NELSON A. RAUST is a director with the law firm of Ransmeier & Spellman P.C., with offices in Concord, New Hampshire and Andover, Massachusetts. Since 1988, Mr. Raust has focused much of his practice on elder law and disability issues, assisting seniors and their families with issues relating to Medicaid, Medicare, Social Security, guardianships, nursing homes and assisted living facilities. Mr. Raust also prepares special needs trusts for families with adult or minor children with special needs. He is a frequent speaker on estate planning, Medicaid planning, special needs trusts and probate issues. He is a member of New Hampshire (Elder Law, Estate Planning and Probate Section) and Manchester bar associations, the New Hampshire Estate Planning Council, and the National Academy of Elder Law Attorneys. Mr. Raust also is a founding member and incorporator of the New Hampshire Chapter of the National Academy of Elder Law Attorneys (NAELA). Mr. Raust earned his B.A. degree, magna cum laude, from the University of Rochester; his J.D. degree from Vanderbilt University School of Law; and his LL.M. degree from Boston University School 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

NH CLE: 6.60 Includes - Ethics: 1.00
NHMCLE does not approve or accredit CLE activities for the NH Minimum CLE requirement. NBI, Inc. believes this course meets the requirements of NH Supreme Court Rule 53 toward the annual NHMCLE requirement.


Financial Planners

N CF: 8.00
This program has been accepted by the Certified Financial Planner Board of Standards Inc. and qualifies for 8.0 hours of CE credit for CFP® Certificants. The Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP® (with plaque design) and CFP® (with flame design) in the US, which it awards to individuals who successfully complete initial and ongoing certification requirements.

Upon completion of this course, attendees should be able to: 1. Repeat what the laws of intestacy are and how they apply to estate administration. 2. Explain the sample forms and documents needed to marshal assets. 3. Recall how to properly handle will and trust claims. 4. Explain how creditor claims and disputes should be handled. 5. Describe the correct steps, processes and procedures needed to properly handle jointly held assets and agency problems. 6. List the forms needed in filing and payment of federal and state estate tax returns. 7. Review the processes and procedures of transferring and distribution of assets to minors, surviving spouse and trusts. 8. Restate what the breach of fiduciary responsibility is.

International Association for Continuing Education Training

N IACET: 0.70
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 0.7 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, attendees should be able to: 1. Repeat what the laws of intestacy are and how they apply to estate administration. 2. Explain the sample forms and documents needed to marshal assets. 3. Recall how to properly handle will and trust claims. 4. Explain how creditor claims and disputes should be handled. 5. Describe the correct steps, processes and procedures needed to properly handle jointly held assets and agency problems. 6. List the forms needed in filing and payment of federal and state estate tax returns. 7. Review the processes and procedures of transferring and distribution of assets to minors, surviving spouse and trusts. 8. Restate what the breach of fiduciary responsibility is.

National Association of State Boards of Accountancy

N NAS: 8.00 Includes - Administrative Practice: 7.00, Behavioral Ethics: 1.00
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 8.0 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 to intermediate level program presented in a group live setting. Accountants should have a basic understanding of estate administration, including proper asset valuation and distribution, taxation and account closing procedures. This course will: - Present what the difference between formal and informal proceedings are. - Review what the laws of intestacy are and how they apply to estate administration. - Explain the sample forms and documents needed to marshal assets. - Examine how to properly handle late and contested claims. - Describe the correct steps, processes and procedures needed to properly handle jointly held assets and agency problems. - List the forms needed in filing and payment of federal and state estate tax returns. - Review the processes and procedures of transferring and distribution of assets to minors, surviving spouse and trusts. - Present what the breach of fiduciary responsibility is. Field(s) of Study -- Administrative Practice; Behavioral Ethics.

Professional Achievement in Continuing Education

N PACE: 8.00 Includes - Chartered Advisor for Senior Living: 8.00, Chartered Financial Consultant: 8.00, Chartered Life Underwriter: 8.00
This seminar qualifies for 8.0 PACE (Professional Achievement in Continuing Education) credit hours for CLU, CASL and/or ChFC.


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How To Order

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