Live Seminar

Estate Administration From Start to Finish

Seminar

Date:

Tuesday, April 24, 2018

Time:

8:30 AM - 4:40 PM

Product ID#:

78769ER

Location:

Crowne Plaza Pittsburgh South

164 Fort Couch Road

Pittsburgh, PA 15241

$359.00

$349 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • NJ CLE - 8.00
  • NY CLE - 8.00
  • PA CLE - 6.50

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. Commencement of Proceedings and Information Gathering
  2. Initial Steps to the Estate Administration Process
  3. Marshalling Assets
  4. Handling Creditor Claims and Debt
  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

Credit Hrs State
CLE 8.00 -  NJ*
CLE 8.00 -  NY*
CLE 6.50 -  PA*

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. COMMENCEMENT OF PROCEEDINGS AND INFORMATION GATHERING
    8:30 - 9:15, Julie C. Anderson
    1. Appointment of Estate Administration
      1. Formal vs. Informal Proceedings
      2. Sample Letters of Authority
    2. First Meeting With Family or Designated Personal Representative and Determination of Heirs
    3. Written Fee Agreements
    4. Tips to Locate Information Quickly Using Online and Government Resources
    5. Dealing with Multiple States
  2. INITIAL STEPS TO THE ESTATE ADMINISTRATION PROCESS
    9:15 - 10:00, Julie C. Anderson
    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
  3. MARSHALLING ASSETS
    10:15 - 11:00, Julie C. Anderson
    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
  4. HANDLING CREDITOR CLAIMS AND DEBT
    11:00 - 11:45, LeeAnn G. Syme
    1. Sample Forms and Required Notices Needed
    2. Priority and Payment of Claims
    3. Late Claims and Contested Claims
    4. Steps to Ensure all Debt is Located and Handled Correctly
      1. What if the Assets Don't Cover the Bills?
      2. Bankruptcy and Foreclosure
    5. Selling of Assets and Properly Dealing with Creditors
  5. COMPLEX ISSUES IN ESTATE ADMINISTRATION
    12:45 - 1:30, LeeAnn G. Syme
    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
    1:30 - 2:30, John W. Giltinan
    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
    2:45 - 3:40, John W. Giltinan
    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, Timothy J. Giltinan
    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Attorney-Client Privilege
    4. Fee Agreements

JULIE C. ANDERSON is a certified elder law attorney (CELA) at Stepanian & Menchyk, L.L.P., in Butler, Pennsylvania. She focuses her practice in the areas of elder law, estate planning and estate administration. Ms. Anderson is a member of the Butler County Bar Association, Pennsylvania Bar Association, National Association of Elder Law Attorneys, and Pennsylvania Association of Elder Law Attorneys. She is admitted to practice before the Supreme Court of Pennsylvania and is a VA accredited attorney for veterans benefit claims before the Department of Veterans Affairs. Ms. Anderson represents seniors and their families in estate and long term care planning, including drafting wills and powers of attorneys, complex trusts for asset protection and Medicaid planning; providing counsel on competency issues and the use of powers of attorneys; and understanding and qualifying for public benefits, including Medicare, Veterans Benefits, and Medicaid. She also represents clients incident to Orphans' Court litigation, including guardianship proceedings, will contests, and removal of fiduciaries. Ms. Anderson graduated from University of Pittsburgh, magna cum laude, with a B.A. degree in history and political science before attending Valparaiso University School of Law, where she earned her J.D. degree.

JOHN W. GILTINAN is of counsel at John W. Giltinan, Esq., P.C., in Pittsburgh. Mr. Giltinan has been an attorney for 40 years and practices in the areas of small business planning and succession, estate planning, and estate administration. He is a former adjunct professor of taxation at LaRoche College and has lectured to various professional groups on areas related to his practice. Mr. Giltinan is a member of WealthCounsel; Advisors Forum; ElderCounsel; and the American, Pennsylvania and Allegheny bar associations. He earned his B.A. degree from the University of Pittsburgh and his J.D. degree from Duquesne University.

TIMOTHY J. GILTINAN is an attorney with John W. Giltinan, Esq., P.C., where he practices in the areas of estate planning, estate administration, elder law, small business planning, tax and real estate. Mr. Giltinan is a member of WealthCounsel, The Advisors Forum, Elder Counsel and the Allegheny County Bar Association. He earned his J.D. degree from Duquesne.

LEEANN G. SYME is an attorney with John W. Giltinan, Esq., P.C. Ms. Syme practices in the areas of estate planning, elder law, asset protection planning, business entities and succession planning, estate and trust administration, and domestic relations. She earned her B.S. degree from the University of Pittsburgh and her J.D. degree from Duquesne University School of Law, where she was a member of the Duquesne Law Review. Ms. Syme is admitted to practice before all Pennsylvania state courts and the U.S. District Court for the Western District of Pennsylvania. She is a member of the Allegheny County Bar Association, WealthCounsel and The Advisors Forum.

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: 8.00 Includes - Ethics: 1.20
This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 8.0 hours of total CLE credit. Of these, 1.2 qualify as hours of credit for ethics/professionalism.


NY CLE: 8.00 Includes - Areas of Professional Practice: 7.00, 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 8.0 credit hours. 7.0 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: 6.50 Includes - Ethics: 1.00
This program has been approved by the Pennsylvania Continuing Legal Education Board for a total of 6.5 hours, including 5.5 hours of substantive law, practice and procedure CLE credit and 1.0 hour of ethics, professionalism or substance abuse CLE credit.


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. State from recall what the difference between formal and informal proceedings are 2. Repeat what the laws of intestacy are and how they apply to estate administration 3. Explain the sample forms and documents needed to marshal assets 4. Recall how to properly handle late and contested claims 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. State from recall what the difference between formal and informal proceedings are 2. Repeat what the laws of intestacy are and how they apply to estate administration 3. Explain the sample forms and documents needed to marshal assets 4. Recall how to properly handle late and contested claims 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
This seminar qualifies for 8.0 PACE (Professional Achievement in Continuing Education) credit hours for CLU, CASL and/or ChFC.


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Mail: NBI
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