Live Seminar

Estate Administration From Start to Finish

Seminar

Date:

Wednesday, June 27, 2018

Time:

8:30 AM - 4:40 PM

Product ID#:

79099ER

Location:

Holiday Inn Express & Suites Charleston-Southridge

95 RHL Blvd

South Charleston, WV 25309

$349.00

$339 / Each Additional

Registration Includes Course Book

Credit Information

Continuing Legal Education

  • WV 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. 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 and jointly held assets.
  • 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 and Election
  4. Handling Creditor Claims and Debt in the Estate
  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, Written and presented by Joel P. Jones Jr. in Morgantown and South Charleston.
    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 - 10:15, Written and presented by Joel P. Jones Jr. in Morgantown and South Charleston.
    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 AND ELECTION
    10:30 - 11:30, Written and presented by Joel P. Jones Jr. in Morgantown and South Charleston.
    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. Specific Bequests
    5. Residuary Bequests
  4. HANDLING CREDITOR CLAIMS AND DEBT IN THE ESTATE
    12:30 - 1:30, Written by Christopher J. Winton. Presented by Stephen A. Wickland in Morgantown and Christopher J. Winton in South Charleston.
    1. Creditor Claims in the Fiduciary System
    2. Creditor Claims in the Circuit Court
    3. Source of Funds to Pay Debts, Taxes, and Expenses
    4. Paying the Mortgage
    5. The Insolvent Estate
  5. HANDLING ESTATE ADMINISTRATION TAX ISSUES
    1:30 - 2:30, Written by Christopher J. Winton. Presented by Joshua S. Rogers in Morgantown and Christopher J. Winton in South Charleston.
    1. A Primer on Federal Estate Tax
    2. Income Tax and the Estate: The Decedent's Individual Income Tax Return
    3. Income Tax and the Estate: The Estate's Fiduciary Income Tax Return
  6. DISTRIBUTION AND CLOSING OF THE ESTATE
    2:45 - 3:40, Written by Andrew L. Ellis. Presented by Joshua S. Rogers in Morgantown and Andrew L. Ellis in South Charleston.
    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, Written by Andrew L. Ellis. Presented by Joshua S. Rogers and Stephen A. Wickland in Morgantown and Andrew L. Ellis in South Charleston.
    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Attorney-Client Privilege
    4. Fee Agreements

ANDREW L. ELLIS is an attorney with Wooton, Davis, Hussell & Ellis, PLLC. Mr. Ellis leverages a thorough understanding of estate and trust law with extensive experience handling taxation matters to help clients navigate the complex regulations of estate planning and administration. He represents both institutions and individuals in a variety of matters, including transfer of wealth and business succession plans, as well as personal and professional business planning and guidance. His comprehensive knowledge of state and federal income tax matters has enabled him to work with a number of non-profit organizations, advising them through their formation all the way through to procuring their tax exemption status, including the application process. Additionally, his experience working with businesses of all sizes, as well as his knowledge of evolving tax legislation, allow him to offer proactive counseling and planning advice to clients to help achieve their goals and objectives while mitigating their risk along the way. When litigation becomes necessary, Mr. Ellis has extensive litigation experience in will contests and misappropriation of funds cases, utilizing his knowledge of estate and trust law to help clients reach successful resolutions. He also handles general litigation matters for clients, ranging from breach of contract matters to real estate disputes. Mr. Ellis has handled various types of litigation matters throughout the state of West Virginia. He is a member of The West Virginia State Bar (Probate Committee) and the Charleston Estate Planning Council. He earned his B.A. degree from West Virginia Wesleyan College, his J.D. degree from the University of Denver College of Law, and his LL.M. degree from the University of Denver. (South Charleston location)

JOEL P. JONES JR. is an attorney with Campbell Woods, PLLC. His main areas of practice include real property and, trusts and estates, including estate planning and administration, creditors’ rights and bankruptcy, general business, and secured transactions. Mr. Jones is a member of the Energy and Mineral Law Foundation, Federalist Society, and a board member of the Greater Huntington Estate Planning Council. He earned his B.S. degree from Marshall University in ecology and evolutionary biology and his J.D. degree from the West Virginia University College of Law, where he was inducted into the Order of the Coif. Mr. Jones is admitted to the West Virginia Supreme Court of Appeals, U.S. District Court for the Southern and Northern districts of West Virginia, the Supreme Court of Ohio, and the U.S. District Court for the Southern District of Ohio. (Morgantown and South Charleston locations)

JOSHUA S. ROGERS is a partner with Dinsmore & Shohl LLP. He is a member of the corporate department whose practice focuses on family wealth planning, asset protection planning, probate, profit and nonprofit business formation and organization, business succession planning, and litigation. Mr. Rogers has experience in representing both individual and institutional clients in various types of civil litigation, including will contests, will and trust construction actions, family and probate disputes, real property rights, action to quiet title to minerals, corporate and partnership disputes, and federal and state taxation appeals. He is licensed and represents clients in both West Virginia and Pennsylvania. Mr. Rogers is a member of the West Virginia State Bar, Pennsylvania Bar Association, American Bar Association, Monongalia County Bar Association, Monongalia County Literacy Volunteers (president, Board of Directors), Leadership Monongalia, North Central West Virginia Estate Planning Council (president, Board of Directors), and Senior Monongalias (Board of Directors). He received his B.S.B.Ad. degree, summa cum laude, University Honors Scholar, from West Virginia University; and his J.D. degree from West Virginia University College of Law, where he was Order of the Coif. (Morgantown location)

STEPHEN A. WICKLAND has practiced law in Clarksburg, West Virginia for 40 years. His primary practice is real estate, estates, oil and gas, and civil litigation. Mr. Wickland is a member of the American Bar Association. He is a 1974 graduate of West Virginia University College of Law. (Morgantown location)

CHRISTOPHER J. WINTON is the managing member of the Charleston, West Virginia law firm of Ray, Winton & Kelley, PLLC, where he practices in the areas of estate planning and administration, business planning, taxation, and civil litigation. He received his B.A. degree, with high distinction, and his J.D. degree from the University of Virginia and was elected to Phi Beta Kappa. Admitted to practice in West Virginia and Virginia, Mr. Winton is a member of the West Virginia State Bar's Probate Committee, National Academy of Elder Law Attorneys, Charleston Estate Planning Council, and the Real Property, Probate and Trust Law Section of the American Bar Association. He is an elected fellow of the American College of Trust and Estate Counsel (ACTEC). Mr. Winton has been selected and listed in The Best Lawyers in America in the field of Trusts and Estates and is a West Virginia Super Lawyer in the field of estate planning and probate. A frequent lecturer for professional and business groups on wills and trusts, ethics, and litigation, Mr. Winton is the co-author of the articles “Laying Claim� (1993) and “Still Laying Claim� (2016) published in the West Virginia University Law Review which analyze will contests. He is also the author of the series known as “Probate Happens� which has been published in the West Virginia Lawyer. (South Charleston 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

WV CLE: 8.00 Includes - Ethics: 1.20
This program qualifies for 8.0 hours of credit, which includes 1.2 hour of ethics, under the West Virginia Rules for Mandatory Continuing Legal Education.


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 creditor claims. 5. List the forms needed in filing and payment of federal and state estate tax returns. 6. Describe proper settlement of the estate. 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 creditor claims. 5. List the forms needed in filing and payment of federal and state estate tax returns. 6. Describe proper settlement of the estate. 7. Restate what the breach of fiduciary responsibility is.

National Association of State Boards of Accountancy

N NAS: 8.00 Includes - Behavioral Ethics: 1.00, Specialized Knowledge: 6.00, Taxes: 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. 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 creditor claims. 5. List the forms needed in filing and payment of federal and state estate tax returns. 6. Describe proper settlement of the estate. 7. Restate what the breach of fiduciary responsibility is. Field(s) of Study -- Taxes; Specialized Knowledge; 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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