Live Seminar

Estate Administration From Start to Finish

Seminar

Date:

Tuesday, May 08, 2018

Time:

8:30 AM - 4:40 PM

Product ID#:

78899ER

Location:

Holiday Inn I-295 E & Baymeadows

11083 Nurseryfields Drive

Jacksonville, FL 32256

$349.00

$339 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • FL CLE - 8.00

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. 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.
  • 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. Handling Estate Administration Tax Issues
  6. Distribution and Closing of the Estate
  7. Ethics and Estate Administration

Continuing Education Credit

Continuing Legal Education – CLE: 8.00 *

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 - 9:30, 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 Includes - Ethics: 1.00, Wills, Trusts and Estates: 8.00
Approved by The Florida Bar for a maximum of 8.0 general hours of CLER credit including 1.0 hour of ethics. Certification: 8.0 hours - Wills, Trusts and Estates.


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. List the forms needed in filing and payment of federal and state estate tax returns. 6. Review the processes and procedures of transferring and distribution of assets to minors, surviving spouse and trusts. 7. 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. List the forms needed in filing and payment of federal and state estate tax returns. 6. Review the processes and procedures of transferring and distribution of assets to minors, surviving spouse and trusts. 7. 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