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Live Seminar

Probate Boot Camp

Seminar

Date:

Monday, March 19, 2018

Time:

8:30 AM - 4:40 PM

Product ID#:

79582ER

Location:

Embassy Suites

1050 Westbrook St.

Portland, ME 04102

$349.00

$339 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • ME CLE - 6.00

CPE for Accountants

  • CPE for Accountants/NASBA - 7.00

Other

  • IACET - 0.60
  • PACE - 7.00

Program Description

Your Definitive Guide to the Probate Process

When the client is no longer there to make his or her voice heard, the task of interpreting his/her wishes to accurately settle the estate falls on your shoulders. Do you have all the tools you'll need? This truly start-to-finish course will take you through each stage of probate and offer time-tested techniques to handle challenges at each step of the way. Join your colleagues for engaging discussion and legal analysis and get up to speed on the latest court rulings and tax rules, on the proper application of the portability exemption and the most effective post-mortem planning tactics. Whether you're a beginner or a veteran practitioner, you'll come away with information you can use - register today!

  • Walk through the first steps of the probate and make sure all the interested parties are notified.
  • Help personal representatives learn their role and duties in the process.
  • Properly administer trusts to avoid overpaying tax and to ensure proper distribution to beneficiaries.
  • Accurately assess the value of all the assets.
  • Clear the estate of all debts and liens.
  • Learn how ABA rules of professional conduct translate into highly ethical practices.
  • Follow estate closing procedures to the letter to prevent any follow-up disputes.

Who Should Attend

This basic-to-intermediate level seminar is designed for:

  • Attorneys
  • Accountants/CPAs
  • Financial Planners
  • Trust Officers/Administrators/Managers
  • Enrolled Agents
  • Tax Professionals

Course Content

  1. First Steps
  2. Educating the Personal Representative
  3. Post-Mortem Planning, Trust Administration, and Tax Hurdles
  4. Marshalling/Valuing Assets
  5. Spouses' Elective Share vs. Second Probate
  6. Handling Debts and Creditor Claims
  7. Ethics
  8. Ancillary Probate and Other Problem Areas
  9. Closing the Estate Reopening Estates - When, How and Why?

Continuing Education Credit

Continuing Legal Education – CLE: 6.00 *

International Association for Continuing Education Training – IACET: 0.60

National Association of State Boards of Accountancy – CPE for Accountants/NASBA: 7.00 *

Professional Achievement in Continuing Education – PACE: 7.00


* denotes specialty credits

Agenda / Content Covered

  1. First Steps
    8:30 - 9:15, Miles C. Hunt
    1. The First 48 Hours
    2. Locating the Will and Beneficiaries
    3. Choosing the Best Form of Administration
    4. The Estate Timeline - What Must Be Done
    5. Probate Court Filing Procedure and Forms
    6. Initial Notices to Creditors, Beneficiaries and State Agencies
    7. Laws of Intestacy
  2. Educating the Personal Representative
    9:15 - 9:45, Miles C. Hunt
    1. Duties, Powers, and Responsibilities
    2. Personal Representative Guide/Instructions
    3. Compensation Guidelines
  3. Post-Mortem Planning, Trust Administration, and Tax Hurdles
    9:45 - 10:30, Miles C. Hunt
    1. Trust Administration
    2. Post-Mortem Tax Planning
    3. Problems With Elections and Non-Probate Assets (IRA Distributions and Their Tax Consequences)
    4. The Share of Minors in an Estate
    5. How to Calculate the Omitted Spouse Share or Omitted Child Share
    6. Shares of Disabled Adults and Means-Tested Government Benefits
    7. Finding Real Estate, Bank Accounty, life Insurance, Intangibles, etc.
  4. Marshalling/Valuing Assets
    10:45 - 11:30, Paul D. Shapiro
    1. Statutory Requirements
    2. Collecting, Maintaining and Managing Assets
    3. Valuation Tools and Experts
  5. Spouses' Elective Share vs. Second Probate
    11:30 - 12:30, Paul D. Shapiro
    1. Portability Rules, Claiming Unused Exemption
    2. Homestead Allowance
    3. How to Determine the Elective Share Estate
    4. Elective Share Rights and Procedure
  6. Handling Debts and Creditor Claims
    1:30 - 2:00, Caitlin LoCascio-King
    1. Validating Claims
    2. Priority of Creditor Rights
    3. Selling Property to Satisfy Claims
    4. Tax Claims and Liens
  7. Ethics
    2:00 - 3:00, Caitlin LoCascio-King
    1. Whom do You Represent? Conflicts of Interest
    2. Protecting Client Confidentiality
    3. Attorney Fees
    4. Practicing Law in More than One State
  8. Ancillary Probate and Other Problem Areas
    3:15 - 4:00, Tudor Goldsmith
    1. Property in Other States
    2. Multiple Estates, Property in Multiple Jurisdictions Within a State
    3. Lapsed or Void Gifts
    4. Death Before Divorce is Finalized
    5. Avoiding Foreclosure of a Probate Asset
    6. Title Problems
    7. Issues with Foreign Parties/Assets
  9. Closing the Estate Reopening Estates - When, How and Why?
    4:00 - 4:40, Tudor Goldsmith
    1. Formal Closing
    2. Informal Closing by Statement of Personal Representative
    3. Final Distributions to Beneficiaries and Liability of Distributees
    4. Tax Returns - Estate and Income, State and Federal
    5. Final Accounting and Discharge of Fiduciary
    6. Inconsistencies Between Inventory and Final Accounting
    7. Reopening Estates - When, How and Why?

TUDOR GOLDSMITH is a member of Jensen Baird Gardner & Henry’s trusts and estates and probate litigation practice groups. After earning her B.A. degree from Hamilton College, Ms. Goldsmith worked several years in nonprofit administration before returning to school to study law. She then graduated, summa cum laude, from the University of Maine School of Law, where she was awarded the ALI/ABA Scholarship and Leadership Award for the law student in the graduating class who best represented a combination of scholarship and leadership. Following her graduation from law school, Ms. Goldsmith clerked for the Honorable Jon D. Levy at the Maine Supreme Judicial Court. She is a member of the Maine State Bar Association and the American Bar Association.

MILES C. HUNT is an attorney with Epstein & O'Donovan, LLP, having joined the firm in 2016. Prior to joining the firm, Mr. Hunt practiced in the areas of estate planning, estate and trust administration and elder law at a small Western Maine firm. He earned his undergraduate degree from Dickinson College and his law degree from the University of Maine School of Law. Mr. Hunt's principal areas of practice are estate planning and probate administration. He is very active in local non-profit organizations. Mr. Hunt is currently serving as chairman of the Board of Directors for Androscoggin Home Care & Hospice. In addition to serving on this board, Mr. Hunt serves on the Foundation Committee. He also serves on the Maine Probate Rules Committee and is a member of the Maine Estate Planning Council. Mr. Hunt speaks regularly on the subjects of estate planning, trusts and probate administration.

CAITLIN LOCASCIO-KING is a solo practitioner at LoCascio-King Law, LLC, and concentrates her practice in estate planning, trusts, probate and elder law. She earned her J.D. degree from the University of Maine School of Law, where she was awarded the Pro Bono Publico Award. Ms. LoCascio-King is an honoree of the Katahdin Counsel Recognition Program and is on the Board of Directors for the Animal Refuge League of Greater Portland.

PAUL D. SHAPIRO is an attorney with Carlin & Shapiro, P.A. Mr. Shapiro handles most of the firm's litigation, and appears statewide in probate court. He has been invited by different organizations throughout the state of Maine to speak on estate planning techniques for families with disabled children. Mr. Shapiro is a member of the National Academy of Elder Law Attorneys, and is licensed to practice in both Maine and Massachusetts. He assists with developing estate plans that maintain a tax deferred asset’s benefits for the next generation. Mr. Shapiro is involved with many of the more complex MaineCare applications the firm handles. He earned his undergraduate degree, cum laude, from Wheaton College, and his J.D. degree, cum laude, from the 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

ME CLE: 6.00 Includes - Ethics: 1.00
This course has been approved by the State of Maine Board of Overseers of the Bar. Lawyers who complete this course shall receive 6.0 hours of CLE credit including 1.0 ethics hours under M. Bar R. 12.


International Association for Continuing Education Training

N IACET: 0.60
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 0.6 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, attendee will be able to: 1. Relay what must be done within the first 48 hours of the decedent's passing. 2. List at least 3 (three) duties of a personal representative. 3. Determine the share of a minor in an estate. 4. Restate statutory requirements of marshalling and governing assets in probate. 5. Explain how to determine spouse's elective share. 6. Identify key deciding factors in choosing what property to sell to satisfy creditor claims. 7. Explain how ABA rules of professional conduct are applied in probate practice. 8. Explain how to properly handle multiple estates. 9. Compare probate inventory with the final accounting and explain the discrepancies.

National Association of State Boards of Accountancy

N NAS: 7.00 Includes - Regulatory Ethics: 1.00, Specialized Knowledge: 2.00, Taxes: 4.00
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 7.0 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 the challenges in the probate process. Upon completion of this course, attendee will be able to: 1. Relay what must be done within the first 48 hours of the decedent’s passing. 2. List at least 3 (three) duties of a personal representative. 3. Restate statutory requirements of marshalling and governing assets in probate. 4. Identify key deciding factors in choosing what property to sell to satisfy creditor claims. 5. Explain how to determine spouse’s elective share. 6. Clarify the personal representative’s authority and responsibility in regards to the decedent’s business. 7. Explain how ABA rules of professional conduct are applied in probate practice. Field(s) of Study -- Taxes; Specialized Knowledge; Regulatory Ethics.

Professional Achievement in Continuing Education

N PACE: 7.00
This seminar qualifies for 7.0 PACE (Professional Achievement in Continuing Education) credit hours for ChFC.


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How To Order

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