Live Seminar

Estate Administration From Start to Finish

Seminar

Date:

Monday, May 14, 2018

Time:

8:30 AM - 4:40 PM

Product ID#:

78868ER

Location:

Radisson Hotel Hartford

50 Morgan Street

Hartford, CT 06120

$349.00

$339 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • CT 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 Gathering
  3. Marshalling Assets Gathering
  4. Handling Creditor Claims and Debt Gathering
  5. Complex Issues in Estate Administration Gathering
  6. Handling Estate Administration Tax Issues Gathering
  7. Distribution and Closing of the Estate Gathering
  8. Ethics and Estate Administration Gathering

Continuing Education Credit

Continuing Legal Education – CLE: 6.50 *

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 - 9:20, Written by Michael J. Keenan. Presented by Michael J. Keenan in Hartford and Stephen M. Napier in Norwalk.
    1. Step #1: Locating, Securing and Filing the Will
    2. The First Meeting With the Probate Client
    3. Duties and Responsibilities of the Executor/Administrator
    4. Information Required For Probate
    5. Understanding Probate and Non-Probate Assets
    6. Compensation
    7. Planning Ahead: Easing the Probate Process With Proper Estate Planning
  2. INITIAL STEPS TO THE ESTATE ADMINISTRATION PROCESS
    9:20 - 10:05, Written by Beth Ann Brunalli and Michael J. Keenan. Presented by Michael J. Keenan in Hartford and Beth Ann Brunalli in Norwalk.
    1. The Four Probate Process Options
    2. “Full Estate” Administration Checklist
    3. Probate Court Forms
    4. Identifying “Interested Parties” to the Estate
    5. Notice Requirements For Beneficiaries and the State
    6. Using Disclaimers Correctly
    7. Ancillary Probate For Out-of-State Assets
    8. Intestacy Laws
  3. MARSHALLING ASSET
    10:20 - 11:05, Written by Malcolm F. Barlow and Luke T. Tashjian. Presented by Sharon Holland Purtill in Hartford and Luke T. Tashjian in Norwalk.
    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
    11:05 - 11:55, Written by Malcolm F. Barlow and Luke T. Tashjian. Presented by Sharon Holland Purtill in Hartford and Luke T. Tashjian in Norwalk.
    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
    12:55 - 1:45, Written by Michael T. Clear. Presented by Sharon Holland Purtill in Hartford and Michael T. Clear in Norwalk.
    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
    1:45 - 2:35, Written by Michael T. Clear, Jennifer L. Levesque and Christopher P. Roy. Presented by Jennifer L. Levesque and Christopher P. Roy in Hartford and Michael T. Clear in Norwalk.
    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
    2:50 - 3:40, Written by Beth Ann Brunalli, Jennifer L. Levesque and Christopher P. Roy. Presented by Jennifer L. Levesque and Christopher P. Roy in Hartford and Beth Ann Brunalli in Norwalk.
    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, Written by Charles W. Pieterse. Presented by Charles W. Pieterse in Hartford and Norwalk.
    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Attorney-Client Privilege
    4. Fee Agreements

BETH ANN BRUNALLI is a partner in the New Canaan, Connecticut office of Davidson, Dawson & Clark LLP, a Manhattan-based law firm which focuses on individual client representation. A member of the Connecticut bar, she concentrates her practice in the areas of estate planning, the administration of estates and trusts, fiduciary income tax planning, and tax planning. Ms. Brunalli is a member of the Executive Committee of the Connecticut Bar Association’s Estate and Probate Section. She earned her B.A. degree, magna cum laude, from the University of Notre Dame and her J.D. degree from the University of Connecticut School of Law, with a certificate in tax studies. (Norwalk location)

MICHAEL T. CLEAR is a partner in the Private Client Services Department of the law firm of Wiggin and Dana LLP. Mr. Clear focuses his practice on estate planning, estate and trust administration, probate litigation, and business succession planning. He received his B.A. degree from the University of Richmond, his M.Ed. degree from the University of Maryland, and his J.D. degree from the Quinnipiac University School of Law. He is the president of the Fairfield County Chapter of the Exit Planning Exchange (CT XPX), a co-chair of the Probate and Estates Section of the Fairfield County Bar Association, and a member of the Advisory Board for the Center for Family Business. (Norwalk location)

MICHAEL J. KEENAN is a sole practitioner with Keenan Law, LLC, located in South Glastonbury, Connecticut. Mr. Keenan's law practice focuses on elder law, estate planning, and probate law. Mr. Keenan is the former executive managing editor of the Quinnipiac Probate Law Journal. He writes and speaks frequently for local and national audiences on his areas of practice. Mr. Keenan is a member of the National Academy of Elder Law Attorneys and the Elder Law Section of the Connecticut Bar Association. Mr. Keenan currently serves as the treasurer of the Connecticut River Valley Chamber of Commerce, and he is the past chairman of the Board of Directors of the Glastonbury Chamber of Commerce. He earned his B.A. degree from Binghamton University and his J.D. degree from the Quinnipiac College School of Law. (Hartford location)

JENNIFER L. LEVESQUE is an attorney with Legacy Counsellors, P.C., where she focuses her practice in the areas of estate planning, tax planning, estate administration, Medicaid, and VA benefits. She is licensed to practice law in the Commonwealth of Massachusetts and the state of Connecticut. Ms. Levesque is a member of both the Massachusetts and Connecticut Chapters of the National Academy of Elder Law Attorneys (NAELA), ElderCounsel, WealthCounsel, the Western Massachusetts Eldercare Professionals Association (WMEPA), and the Hampshire County Bar Association. She earned her B.A. degree, summa cum laude, from Eastern Connecticut State University and her J.D. degree, cum laude, from Western New England University School of Law. (Hartford location)

STEPHEN M. NAPIER is an attorney with Ivey, Barnum & O’Mara, LLC in their Greenwich, Connecticut office. Mr. Napier focuses his practice in the areas of tax and estate planning, trust and estate administration, and business succession planning. He regularly advises individuals, families and business owners on developing tax-efficient and practical wealth management strategies, including will preparation, revocable living trusts, insurance trusts and business succession plans. Mr. Napier also helps guide fiduciaries and beneficiaries through the trust and estate settlement and administration process. He graduated with his B.A. degree from the University of Connecticut and earned his J.D. degree from the University of Connecticut School of Law. Mr. Napier is a member of the Greenwich Bar Association, the Fairfield Bar Association, the Connecticut Bar Association and the American Bar Association. In 2016, Mr. Napier was named as a recipient of the Fairfield County Business Journal’s 40 under 40 award for business leadership, professional success and commitment to the community. (Norwalk location)

CHARLES W. PIETERSE is a partner in the Greenwich, Connecticut office of Whitman Breed Abbott & Morgan LLC, where he is co-chair of the firm’s Litigation Department and leads the firm’s trust and estates litigation group. Mr. Pieterse has 28 years of litigation experience with Whitman Breed Abbott & Morgan LLC, and its predecessor firms. He has represented clients before state and federal trial and appellate courts, probate courts and administrative bodies in a broad range of matters, including trusts and estate litigation, business and complex commercial litigation, product liability defense, and commercial lending litigation. As part of his trust and estate litigation practice, he has handled complex cases involving contested accountings, breach of fiduciary duty, will contests, and trustee removals. Mr. Pieterse speaks and writes extensively on estate litigation issues. He has published in the Connecticut Bar Association Estates & Probate Newsletter, as well as in Estate Planning Magazine. Mr. Pieterse is a member of the American Bar Association, Connecticut Bar Association, Fairfield County Bar Association, and Greenwich Bar Association (president, 2004-05; vice president, 2003-04), Family and Children's Agency (vice president, Board of Directors, 2008 to present), Community Centers, Inc. (president, Board of Directors, 1993-99), and Lawyers for Children America volunteer attorney (Connecticut Regional Leadership council member). He earned his B.A. degree, cum laude, from University of Massachusetts and his J.D. degree from Fordham University. (Hartford and Norwalk locations)

SHARON HOLLAND PURTILL is of counsel with the law firm of McElroy, Deutsch, Mulvaney & Carpenter, LLP. Ms. Purtill is a member of the firm's private client services group and counsels individuals and families on all aspects of business and succession planning, limited liability companies, trusts, taxation, estate and trust administration, pre-nuptial agreements, conservatorships, estate planning, charitable giving, wealth preservation and asset protection planning. She received her B.A. degree from Bucknell University, her J.D. degree from the University of Connecticut, and her LL.M. degree in taxation from Boston University. Ms. Purtill is the chair of the Estates and Probate Section of the Hartford County Bar Association and a member of the Estate and Probate, Elder Law and Taxation sections of the Connecticut Bar Association. She is the former attorney-member of the Connecticut Council on Probate Judicial Conduct and the chairwoman of the Glastonbury Town Plan and Zoning Commission. (Hartford location)

CHRISTOPHER P. ROY is an associate Attorney at Legacy Counsellors, P.C., with offices in Easthampton, Massachusetts and Bloomfield, Connecticut. Mr. Roy focuses in the areas of estate planning, tax planning, estate administration, business succession planning, Medicaid, and VA benefits. He earned his J.D. degree from Western New England University School of Law, and is licensed to practice law in the Commonwealth of Massachusetts and the state of Connecticut. Mr. Roy is a member of the National Academy of Elder Law Attorneys (NAELA), ElderCounsel, WealthCounsel, and the Estate Planning Counsel of Hampden County, Inc. He is also a VA accredited attorney. Mr. Roy is a frequent presenter at meetings and seminars held by Legacy Counsellors, P.C., and various financial institutions. (Hartford location)

LUKE T. TASHJIAN is an attorney who practices corporate and business law, estate planning and administration, and tax law in the Greenwich, Connecticut office of Whitman Breed Abbott & Morgan LLC. His practice includes structuring tax efficient transactions; advising clients on the tax effects of proposed transactions; preparing estate planning and corporate documents; probating estates and preparing tax returns; representing businesses in mergers, acquisitions, and sales; forming for profit and not-for-profit entities; and representing parties in tax controversies and collection matters. Mr. Tashjian is a frequent author and speaker. He is admitted to practice in Massachusetts, Connecticut, the U.S. District Court for the District of Massachusetts, the U.S. Tax Court, the U.S. District Court for the District of Connecticut, and in New York. Mr. Tashjian graduated first in his class from the Boston University School of Law Graduate Tax Program with an LL.M. degree, in taxation, after having earned his J.D. degree, with honors, from the University of Connecticut School of Law. He earned his B.A. degree, summa cum laude, from the University of Connecticut. (Norwalk location)

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

CT CLE: 6.50 Includes - Ethics: 1.00
Neither the Connecticut Judicial Branch nor the Commission on Minimum Continuing Legal Education approve or accredit CLE providers or activities. It is the opinion of NBI, Inc. that this activity qualifies for up to 6.5 hours toward your annual CLE requirement in Connecticut, including 1.0 hour(s) of ethics/professionalism.


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 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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Fax: 715.835.1405
Mail: NBI
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