Trusts, Estates & Probate

4.36

Advanced Estate Administration: Final Accounting Strategies

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
OnDemand
5 hours 49 minutes
Jeffrey Lambert
Alexander Winkle
Jennifer McInerney
George Goodridge
Christopher Denney
With Jeffrey W. Lambert from Jeffrey W. Lambert, P.A. + 4 others
Recorded July 28, 2025
Product ID 100497

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Overview

Clear the Path to Balanced Final Accounts That Stand up to Court Scrutiny

The final accounting is the apogee of all the hard work the personal representative does in administering the estate. While simple on its face, it can be incredibly frustrating to ensure it's accurate and balanced. This practical guide skips the basics and offers complex strategies and case studies to help you prevent costly delays and disputes. Shed light on the gray areas: from valuation of rare assets to income-producing property, and more. Refine and update your approaches - register today!

  • Improve the way you structure final accountings to streamline the process and prevent mistakes.
  • Explore tough scenarios in valuing and recording receipts.
  • Identify key problem areas in balancing final accounts and get tools for finding and correcting top issues.
  • Learn how to handle objections to final accounting.
  • Benefit from seasoned practitioners' experience and analysis.
  • Ensure tax reporting stands up to scrutiny.

Abbreviated Agenda

  1. Final Accounting Process Overview
  2. Receipts: Working Through Problematic Scenarios
  3. Structuring, Approving, and Recording Disbursements
  4. Tax Returns, Elections, Complex Questions
  5. Troubleshooting Tips for When the Final Account Won't Balance
  6. Disputes and Final Steps
  7. Legal Ethics in Estate Administration

Related Topics

Product ID 100497

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 6 Total
Northern Mariana Islands CLE Approved 6 Total
Mississippi CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
North Dakota CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Oregon CLE Approved 6 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 6 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Final Accounting Process Overview

    1. Duties, Responsibilities, and Potential Liability of the Fiduciary
    2. Appropriateness of Expenditures
    3. Accounting Period for Final Account and Filing Fees
    4. Improving the Initial Inventory Process for Better Final Accountings

  2. Receipts: Working Through Problematic Scenarios

    1. Personal Property
    2. Real Property
    3. Gain on Assets
    4. Income, Rents
    5. Other Receivables and Recovered Assets
    6. Valuation of Unique Assets

  3. Structuring, Approving, and Recording Disbursements

    1. Expenses and Fees
    2. Taxes
    3. Loss on Sale of Assets
    4. Paid Legacies
    5. Bequests and Devises
    6. Paying Off Debts: Do's and Don'ts

  4. Tax Returns, Elections, Complex Questions

    1. Review: What Needs to be Filed and When?
    2. FEIN - SS-4 Application Update
    3. Form 56 - Notice Concerning Fiduciary Relationship
    4. Withholding Agent for Non-Resident Beneficiaries
    5. Estate Tax Return (Federal and/or State)
    6. Fiduciary Income Tax Returns (Federal and/or State)
    7. Termination of Fiduciary Relationship

  5. Troubleshooting Tips for When the Final Account Won't Balance

    1. Common Reasons the Account Doesn't Balance
    2. Are There Assets Left Off Inventory?
    3. Working Through Problem Scenarios

  6. Disputes and Final Steps

    1. Final Distribution of Remaining Assets (w/Examples)
    2. Service Requirements
    3. Discharging Liability of Personal Representative
    4. Assents of Beneficiaries/Heirs - Are They Worth Obtaining?
    5. Objections to Final Accounting by Beneficiaries/Heirs
    6. Obtaining Discharge of the Personal Representative
    7. Disputed Accountings

  7. Legal Ethics in Estate Administration

    1. Attorney Fees and Scope of Representation
    2. Joint Representation
    3. Representing Fiduciaries
    4. Confidentiality and Data Security
    5. Attorneys Who Serve as Fiduciaries

Who Should Attend

This legal course is designed for attorneys. Accountants, tax professionals, executors, trust officers, fiduciaries, wealth managers, and paralegals will also benefit.

Speakers

Jeffrey W Lambert
Jeffrey W.
Lambert
Jeffrey W. Lambert, P.A.
Alexander C Winkle
Alexander C.
Winkle
Henderson, Caverly & Pum LLP
Jennifer M McInerney
Jennifer M.
McInerney
McInerney Law
George L Goodridge
George L.
Goodridge
Goodridge
Christopher E Denney
Christopher E.
Denney
Silvermark CPAs & Advisors
Speaker bio
Jeffrey W Lambert

Jeffrey W. Lambert

Jeffrey W. Lambert, P.A.
Jeffrey Lambert

is the principal of the law firm of Jeffrey W. Lambert, P.A., in Wayzata, Minnesota. He has more than 35 years of experience practicing in the areas of estate planning, probate, criminal defense and commercial real estate. In addition to practicing law, Mr. Lambert has taught estate planning and probate seminars, sharing his knowledge with others in the field. He also regularly deals with estate tax matters. Mr. Lambert is a member of the American Bar Association, Hennepin County Bar Association, Minnesota State Bar Association, Wayzata Historical Society and Suburban Prosecutor's Association. He is one of the founding board members of the Wayzata Crime Prevention Coalition. Mr. Lambert earned his B.A. degree, cum laude, from the University of Minnesota and his J.D. degree from the University of Minnesota.

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Speaker bio
Alexander C Winkle

Alexander C. Winkle

Henderson, Caverly & Pum LLP
Alexander Winkle

is a senior associate in the estates and trusts group at Henderson, Caverly & Pum LLP, where he assists clients in estate planning, estate and trust administration, and a variety of tax-related matters. He earned both his J.D. and LL.M. degrees in 2015, with honors, from Loyola Law School of Los Angeles. During law school, Mr. Winkle clerked for the Internal Revenue Service and the Franchise Tax Board. He earned his B.A. degree in political science and his B.F.A. degree in film production from Chapman University, both with University Honors, cum laude. Prior to joining Henderson, Caverly & Pum LLP, Mr. Winkle was an associate attorney at Schwartz Law Group, Inc. from 2016-2021, where he designed, drafted and implemented comprehensive federal, state and international tax planning; estate planning; and business planning for businesses and individuals with a focus on control, growth, profitability, protection of assets and succession planning. He also represented clients in probate matters before the California Superior Court. Mr. Winkle is a certified specialist in both estate planning, trust and probate law, as well as taxation law by the California State Bar Board of Legal Specialization. He served on the board of several non-profit organizations including Habitat for Humanity Monterey Bay.

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Speaker bio
Jennifer M McInerney

Jennifer M. McInerney

McInerney Law
Jennifer McInerney

is an attorney with McInerney Law, where her practice is focused in estate planning, primarily for families with special needs children. She is licensed to practice in Alabama and Mississippi. Ms. McInerney is the founding member and co-president of the Board of Directors of Special Siblings, which provides support for children with special needs siblings. She currently serves as the president of the Board of Directors of the Jefferson County Intellectual and Developmental Disability Authority. Ms. McInerney is a member of the Board of Directors for Down Syndrome Alabama, Shelby Humane Society and 25:35. She earned her B.A. degree, magna cum laude, as well as her M.A. degree, summa cum laude, from the University of Alabama at Birmingham. Ms. McInerney earned her J.D. degree from Indiana University School of Law and her LL.M. degree in taxation from Washington University in St. Louis.

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Speaker bio
George L Goodridge

George L. Goodridge

Goodridge
George Goodridge

practices law in Massachusetts and Vermont, where for over two decades he has worked with clients in the areas of estate planning, trust and estate administration, and business law. He has represented clients in a variety of matters in state and federal courts involving will contests, actions to terminate and modify trusts, fiduciary litigation, guardianships and conservatorships. Mr. Goodridge works closely with estate planning clients to implement a comprehensive plan that meets the family's goals and advises fiduciaries about probate, estate taxes, trust funding and administration. He serves as counsel to nonprofit organizations and has a particular interest in working with land trusts and private landowners on land protection projects. Mr. Goodridge earned his B.S. degree, summa cum laude, from the University of Massachusetts, Amherst, his J.D. degree from the University of Connecticut School of Law and his candidate for LL.M. in taxation from Boston University School of Law. He is admitted to practice in Massachusetts, Vermont, U.S. Court for the District of Massachusetts, U.S. Court of Appeals for the First Circuit and the U.S. Patent and Trademark Office.

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Speaker bio
Christopher E Denney

Christopher E. Denney

Silvermark CPAs & Advisors
Christopher Denney

, MPA, MST, CPA, CGMA, ABV, CVA, CM & AA, CFF, CEPA, IFRS, is the managing member with Silvermark CPAs & Advisors, where he has more than 20 years of consulting experience. He has represented three Big 4 accounting firms, some in tax leadership roles, and a Fortune 500 Company as a tax officer. Mr. Denney's strengths are in identifying tax planning opportunities and areas of tax risk, and some of his tax research has been nationally published. He is a member of the American Institute of Certified Public Accountants, and the ABV Section; Indiana CPA Society; National Association of Certified Valuation Analysts; and Ball State University Accounting Department Executive Advisory Council. Mr. Denney earned his B.S. degree in accounting from Ball State University and both of his M.S. degrees, in taxation and professional accountancy, from Indiana University.

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