NBI

From Event: Estate Administration From Start to Finish, held May 2018.

Program Description

Course Content

Continuing Education Credit

Agenda / Content Covered

1. COMMENCEMENT OF PROCEEDINGS AND INFORMATION GATHERING
   8:30 - 9:30, Raymond I. Booth III
   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
   9:30 - 10:30, Raymond I. Booth III
   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
   10:45 - 11:45, Jennifer Singh
   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
   11:45 - 12:45, J. Brian Page
   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. HANDLING ESTATE ADMINISTRATION TAX ISSUES
   1:45 - 2:45, Christopher J. Bondani
   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
6. DISTRIBUTION AND CLOSING OF THE ESTATE
   3:00 - 3:40, Jennifer Singh
   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
7. ETHICS AND ESTATE ADMINISTRATION
   3:40 - 4:40, Christopher J. Bondani
   1. Breach of Fiduciary Responsibility
   2. Avoiding Conflicts of Interest
   3. Attorney-Client Privilege
   4. Fee Agreements

CHRISTOPHER J. BONDANI is a partner with the Law Offices of Hill & Bondani, PLLC, and practices in Jacksonville and Ponte Vedra Beach, Florida. He offers legal advice and assistance in connection with a wide variety of complex legal matters that include estate planning, trusts, probate, asset protection, business law, limited liability company law, partnerships, corporations, not for profits, tax law, elder law, and deferred compensation/ERISA. Mr. Bondani is a member of The Florida Bar and is admitted to practice before the U.S. Tax Court. He earned his B.S. degree from the University of Tennessee at Chattanooga; his J.D. degree, magna cum laude, from Florida Coastal School of Law; and his LL.M. degree, in tax law, from the University of Florida, Levin College of Law.

RAYMOND I. BOOTH III is a sole practitioner in Orange Park, Florida. His areas of practice include probate and guardianship, family law, Social Security disability, wills, general civil litigation, personal injury and wrongful death, and appellate practice. He presides as a judge for the Teen Court of Clay County, is a member of the Clay County Bar Association, and is a former member of The Florida Bar’s Civil Procedure Rules Committee and Juvenile Court Rules Committee. Mr. Booth earned his B.S. and J.D. degrees from Florida State University.

J. BRIAN PAGE is a tax attorney with Forster Boughman & Lefkowitz whose practice encompasses a wide range of estate planning, probate, trust administration, business succession, tax controversy, and asset protection. Mr. Page has been admitted to practice law in Florida, the U.S. Tax Court, and the Northern and Middle districts of Florida. He has also published articles and spoken publicly in the areas of estate planning, probate, trust administration, and federal tax law. Mr. Page is a member of The Florida Bar and the U.S. Tax Court. He is also a member of The Florida Bar Tax Section, The Florida Bar Real Property Probate & Trust Law Section, the Orange and Seminole County bar associations, and the Central Florida Estate Planning Council. Mr. Page earned his undergraduate degree, law degree, and Master of Laws in taxation (LL.M.) degree from the University of Florida.

JENNIFER SINGH is an attorney with Legacy Planning Law Group. Ms. Singh is focused on offering the best attorney-client relationship possible. Her philosophy is to provide all of her clients with the necessary tools for successfully planning their legacy in a way that brings serenity into their lives. Ms. Singh has extensive knowledge of estate planning and preparing for a wide range of life experiences. Her professional associations include the Jacksonville Area Legal Aid (pro bono attorney) and the New York State Bar Association. She earned her B.S. degree from Florida State University and her J.D. degree from Florida Coastal 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 FL CLE: 8.00 Credit Approval Exp 11/08/2019 Includes - Ethics: 1.00, Wills, Trusts and Estates: 8.00 Approved by The Florida Bar, this program may qualify for up to 8.0 general hours of CLER self-study credit including 1.0 hour of self-study ethics credit. Certification: 8.0 hours - Wills, Trusts and Estates.