NC Specific

Trusts, Estates & Probate

4.6

North Carolina Probate and Trust Administration

Credits Available
Credit Status Total
North Carolina CLE Approved 6.5 Total
North Carolina Continuing Paralegal Education Approved 6.5 Total
OnDemand
6 hours 31 minutes
Misty Piekaar
Nicole Quinn
Evan Bermudez
Amy Privette
W. Curtis Elliott
Thomas Murphy
With Misty L. Piekaar from Piekaar Law Firm, PLLC + 5 others
Recorded May 21, 2025
Product ID 100078

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Overview

Creditor Claims, Distributions, Tax Issues, and More!

Working through issues that arise through probate and trust administration can be daunting. Are you well-equipped with the tools you need to succeed? This insightful course will take you through steps in probate administration, including information on creditor and debt issues, tax and more. You will also get valuable insight on trust administration, including the handling of accounting, distributions and taxes. Don't miss this opportunity to hone your probate and trust administration skills - register today!

  • Take a closer look at the initial steps for filing the estate.
  • Discuss what needs to be done to handle creditor claims and debts.
  • Make sure everything is in order for the final distribution of the estate.
  • Review what issues need to be addressed concerning taxes in probate administration.
  • Get the latest information on taxation concerns associated with trusts.
  • Explore the different types of trusts and how they are used.
  • Learn ways to manage, sell and distribute property and assets in trust administration.
  • Gain a better understanding of the distinctions between trust fiduciary accounting and income tax accounting.

Abbreviated Agenda

  1. Probate Process and Overview
  2. Assets, Creditor Claims and Debt Considerations
  3. Tax Issues in Probate Administration
  4. Trust Taxation Issues
  5. Distributions, Final Accounting and Closing the Estate
  6. Accounting/Distributions in Trust Administration
  7. What You Need to Know About Trusts
  8. Ethics and Estate Administration

Related Topics

Product ID 100078

Credit Details

Credits Available
Credit Status Total
North Carolina CLE Approved 6.5 Total
North Carolina Continuing Paralegal Education Approved 6.5 Total
Select Jurisdiction
CLE
Paralegal

Agenda

All times are shown in

  1. Probate Process and Overview

    1. Review of the Probate Timeline
    2. Forms of Administration
    3. Deadlines to be Aware of
    4. Documents Used in the Probate Process
    5. Information Gathering
    6. Laws of Intestacy
    7. Initial Petition and Notices
    8. Sample Forms, Letters and Documents

  2. Assets, Creditor Claims and Debt Considerations

    1. Marshalling Probate and Non-Probate Assets: Key Procedures
    2. Properly Ensure ALL Debt is Located and Handled
    3. Required Public Notices to Creditors
    4. Priority and Payment Determinations for Claims
    5. Contested Claims and Prescribed Claims
    6. Appropriately Dealing with Creditors
    7. Insolvent Estates
    8. Sale of Assets to Satisfy Creditors

  3. Tax Issues in Probate Administration

    1. State and Federal Tax Considerations
    2. Tax Deadlines and Extensions
    3. Essential Tax Forms and Returns
    4. Deductions and Exemptions
    5. Income Tax and Basis Adjustment for Decedent's Assets
    6. Real Property Tax Considerations

  4. Trust Taxation Issues

    1. Tax Returns: Annual and Final
    2. Tax Consequences of Trustee's Actions
    3. Real Property Taxes
    4. Income Taxation
    5. Estate and Generation-Skipping Transfer Taxes
    6. Tax Consequences of Paying Retirement Benefits to Trusts
    7. Tax Basis in the Assets

  5. Distributions, Final Accounting and Closing the Estate

    1. Documents Needed to Close the Estate
    2. Proper Transfer and Timing of Distributions - Probate and Non-Probate Assets
    3. Distributions in Kind
    4. Distribution to Minors, Surviving Spouse and Trusts
    5. Disposition of Unclaimed Assets
    6. Fees for Personal Representatives and Attorneys
    7. Annual Accounting Requirements and Format
    8. Final Accounting Checklist
    9. Estate Closing Procedures

  6. Accounting/Distributions in Trust Administration

    1. Notices of Proposed Actions
    2. Uniform Principal and Income Act
    3. Trust Provisions Concerning Distributions
    4. Managing, Selling and Distributing Property and Assets
    5. Investing Assets
    6. Distinctions Between Trust Fiduciary Accounting and Income Tax Accounting
    7. Determining Trustee Fees
    8. Communication with Creditors
    9. Distribution to Beneficiaries
    10. Trust Termination

  7. What You Need to Know About Trusts

    1. Types of Trusts and Their Purpose
    2. Jurisdiction
    3. Duties and Powers of the Trustee
    4. Valuation of Assets
    5. Funding a Trust
    6. Communication with Beneficiaries
    7. Amending and Modifying the Trust
    8. Trust Administration Checklist
    9. Sample Forms and Documents

  8. Ethics and Estate Administration

    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Confidentiality
    4. Fee Agreements

Who Should Attend

This intermediate level online seminar is designed for professionals who want to be more effective in the probate and trust administration process, such as:

  • Attorneys
  • CPAs and Accountants
  • Tax Professionals
  • Financial Planners and Wealth Managers
  • Trust Officers
  • Paralegals

Speakers

Misty L Piekaar
Misty L.
Piekaar
Piekaar Law Firm, PLLC
Nicole L Quinn
Nicole L.
Quinn
Marzella Law Group PLLC
Evan Bermudez
Evan
Bermudez
Sperry & Hatley, P.C.
Amy Privette
Amy
Privette
Privacy Legacy Planning
W. Curtis Elliott Jr.
W. Curtis
Elliott, Jr.
Culp Elliott & Carpenter P.L.L.C.
Thomas J Murphy
Thomas J.
Murphy
Murphy Law Firm, Inc.
Speaker bio
Misty L Piekaar

Misty L. Piekaar

Piekaar Law Firm, PLLC
Misty Piekaar

is an attorney at Piekaar Law Firm, PLLC, and has advised many clients on estate planning strategies that address the consequences of transferring assets, tax liabilities, business interests and proper planning for retirement, marriage and incapacity. She also has assisted many clients with estate administration, elder law and guardianships. Ms. Piekaar is a member of the North Carolina Bar Association, Wake County Bar Association, and a member of the Estate Planning Section of the North Carolina Bar Association. She earned her J.D. degree from North Carolina Central University School of Law and her undergraduate degree in international studies from the University of North Carolina at Chapel Hill.

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Speaker bio
Nicole L Quinn

Nicole L. Quinn

Marzella Law Group PLLC
Nicole Quinn

is an attorney at the Law Offices of Nicole LaDuca Quinn, PLLC. Her practice areas include wills and trusts, real estate, and minor traffic offenses. Ms. Quinn earned her bachelor's degree in psychology and fine arts from Seton Hall University. She is a proud member of the North Carolina State Bar and the Johnston County Bar Association. Ms. Quinn is admitted to practice law in North Carolina.

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Speaker bio
Evan Bermudez

Evan Bermudez

Sperry & Hatley, P.C.
Evan Bermudez

is an associate with the law firm of Sperry & Hatley, P.C., where he focuses his practice in estate planning, probate administration, and real estate law. Mr. Bermudez is admitted to practice in the state of North Carolina and is currently pursuing licensure in South Carolina. He is an active member of the North Carolina Bar Association and the Mecklenburg Bar Association. Mr. Bermudez earned his B.A. degree in finance from the University of Alabama and his J.D. degree from Charleston School of Law.

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Speaker bio
Amy Privette

Amy Privette

Privacy Legacy Planning
Amy Privette

is an attorney at Privette Legacy Planning, where she focuses her practice on estate planning, estate administration, and trust administration. She earned her bachelor's degree, magna cum laude, from Meredith College along with her Paralegal Certificate. Ms. Privette earned her J.D. degree, cum laude, from Regent University School of Law. She is admitted to practice in North Carolina.

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Speaker bio
W. Curtis Elliott Jr.

W. Curtis Elliott, Jr.

Culp Elliott & Carpenter P.L.L.C.
W. Curtis Elliott

is a tax and litigation partner with Culp Elliott & Carpenter P.L.L.C. in Charlotte, North Carolina. He represents corporate clients and individuals in federal IRS and civil and criminal tax litigation matters, state and local tax controversies, and probate litigation matters. Mr. Elliott regularly represents clients in cases before the Internal Revenue Service, U.S. Tax Court, U.S. Court of Federal Claims and Federal District Courts. He also represents closely held corporations and their owners in federal estate tax and gift tax controversies. Mr. Elliott is a co-author of the nationally published book by Clark Boardman Callahan entitled Valuation Practice in Estate Planning and Litigation. He is currently a member of the council of the American Bar Association's Section of Taxation, and a member of the Board of Regents of the American College of Tax Counsel. Mr. Elliott is a member of the North Carolina Bar Association and the South Carolina Bar. He has spoken at many professional seminars and workshops across the country on civil and criminal tax controversy and litigation topics. Mr. Elliott earned his LL.M. degree, highest honors, from George Washington University National Law Center, his J.D. degree from University of South Carolina School of Law and his undergraduate degree from the University of South Carolina. He is a member of Business North Carolina magazine's Legal Elite Hall of Fame.

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Speaker bio
Thomas J Murphy

Thomas J. Murphy

Murphy Law Firm, Inc.
Thomas Murphy

is an attorney located in the Ahwatukee area of Phoenix. His practice emphasizes estate planning, elder law (including nursing home issues), all probate matters (including contested matters and guardianships), and tax controversies. Mr. Murphy has regularly appeared before the Arizona Court of Appeals, litigating many of the cutting-edge appellate cases in probate law. He has successfully litigated cases in the U.S. Tax Court, Arizona Tax Court, and the Arizona Board of Tax Appeals. Mr. Murphy is a member of the National Academy of Elder Law Attorneys, State Bar of Arizona (Tax Law, Probate and Trust Law, Mental Health and Elder Law sections), and the Arizona Medicaid Planning Council. He serves on the Advisory Board of the Phoenix Tax Workshop and the Editorial Board of NAELA News. Mr. Murphy graduated from Tufts University, with honors, and earned his J.D. degree from Suffolk University Law School.

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Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
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The OnDemand Video will be available to stream within 14 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
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When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
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