OK Specific

Trusts, Estates & Probate

Oklahoma Probate and Trust Administration

Credits Available
Credit Status Total
Oklahoma CLE Approved 8 Total
OnDemand
6 hours 33 minutes
Johnny Akers
James Carlton
Bruce Powers
Christopher Papin
With Johnny P. Akers from Law Center of Akers & Esser + 3 others
Recorded December 01, 2025.
Product ID 100999

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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. Distributions, Final Accounting and Closing the Estate
  4. Tax Issues in Probate Administration
  5. Trust Taxation Issues
  6. What You Need to Know About Trusts
  7. Accounting/Distributions in Trust Administration
  8. Ethics and Estate Administration

Related Topics

Product ID 100999

Credit Details

Credits Available
Credit Status Total
Oklahoma CLE Approved 8 Total
Select Jurisdiction
CLE

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. 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

  4. 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

  5. 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

  6. 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

  7. 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

  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

Johnny P Akers
Johnny P.
Akers
Law Center of Akers & Esser
James W Carlton Jr.
James W.
Carlton, Jr.
Garvin, Agee & Carlton, P.C.
Bruce N Powers
Bruce N.
Powers
Bruce N. Powers Attorney at Law
Christopher Papin
Christopher
Papin
Papin Law PLLC
Speaker bio
Johnny P Akers

Johnny P. Akers

Law Center of Akers & Esser
Johnny Akers

is a managing partner of the Law Center of Akers & Esser, located in Bartlesville, Oklahoma. The Law Center of Akers & Esser specializes in tort and contract litigation. Aside from handling numerous personal injury cases, Mr. Akers has also litigated complex civil cases including pipeline explosions to civil rights violations, employment contracts, and sexual assault and battery of minor children. Mr. Akers worked for the Kansas Insurance Department while receiving his J.D. degree from Washburn University School of Law. His office practice also includes advice to clients in regard to business planning, real and personal property issues, and estate planning. Mr. Akers is licensed to practice in the state of Oklahoma in both the state district courts, as well as the federal district courts. He has been admitted to practice in the Federal Court for the Western District of Texas as well. Recently, Mr. Akers made oral arguments on behalf of a client he represented before the Tenth Circuit Federal Court of Appeals in Denver. He also provides pro bono work for many churches, educational and nonprofit organizations. Mr. Akers' resume includes being an adjunct professor, National Business Institute faculty member, and a requested guest lecturer regarding the practice of law.

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Speaker bio
James W Carlton Jr.

James W. Carlton, Jr.

Garvin, Agee & Carlton, P.C.
James Carlton

is a shareholder in the law firm of Garvin, Agee & Carlton, P.C., where he focuses his practice in the areas of estate planning, real estate, probate, estate administration, taxation, municipal and elder law. He is a certified public accountant in Oklahoma and has served as municipal counsel for the cities of Pauls Valley. Mr. Carlton is a member of the Oklahoma County (Real Estate Section), Garvin County, Oklahoma, and American bar associations; and the Oklahoma Society of Certified Public Accountants. He earned his B.A.C. and J.D. degrees from the University of Oklahoma College of Law.

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Speaker bio
Bruce N Powers

Bruce N. Powers

Bruce N. Powers Attorney at Law
Bruce Powers

has been in private practice for 38 years, the last 28 as a solo practitioner in Tulsa, Oklahoma. He received his BS from Oklahoma State University and his JD from the University of Oklahoma. He is a US Army veteran, having served as an Infantry Officer in the 101st Airborne Division. He has been a member of the American Inns of Court, judged college Moot Court competitions, and served as Adjunct Faculty at the University of Tulsa.

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Speaker bio
Christopher Papin

Christopher Papin

Papin Law PLLC
Christopher Papin

is an attorney with Burnett & Brown, PLLC, where his main areas of practice focus on estate and gift tax compliance and planning, business formation and planning, and tax planning. He is admitted to practice in Oklahoma and before the United States Tax Court. Mr. Papin is a member of the American Bar Association, Oklahoma Bar Association, Oklahoma County Bar Association, American Institute of Certified Public Accountants and the Oklahoma Society of Certified Public Accountants. He earned his B.S. and M.S. degrees from the University of Oklahoma and his J.D. degree from Oklahoma City University.

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