New York Estate Administration From Start to Finish
Credits Available
| Credit | Status | Total | Until |
|---|---|---|---|
| Connecticut CLE |
|
6.5 Total | 05-07-2028 |
| New Jersey CLE |
|
8 Total | 01-29-2027 |
| New York CLE |
|
8 Total | 05-07-2029 |
| Pennsylvania CLE |
|
6.5 Total | 05-07-2028 |
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Overview
A Comprehensive Step-By-Step Guide to Estate Administration
Whether you're 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.
- Come away with helpful forms, sample documents, and checklists to assist in the process.
- 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, jointly held assets, and will contests.
- 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.
Abbreviated Agenda
- Commencement of Proceedings and Information Gathering
- Handling Estate Administration Tax Issues
- Initial Steps to the Estate Administration Process
- Marshalling Assets
- Complex Issues in Estate Administration
- Handling Creditor Claims and Debt
- Distribution and Closing of the Estate
- Ethics and Estate Administration
Credit Details
Credits Available
| Credit | Status | Total | Until |
|---|---|---|---|
| Connecticut CLE |
|
6.5 Total | 05-07-2028 |
| New Jersey CLE |
|
8 Total | 01-29-2027 |
| New York CLE |
|
8 Total | 05-07-2029 |
| Pennsylvania CLE |
|
6.5 Total | 05-07-2028 |
Select Jurisdiction
CLE
Agenda
-
Commencement of Proceedings and Information Gathering
- Appointment of Estate Administration
- Formal vs. Informal Proceedings
- Sample Letters of Authority
- First Meeting With Family or Designated Personal Representative and Determination of Heirs
- Written Fee Agreements
- Tips to Locate Information Quickly Using Online and Government Resources
- Dealing with Multiple States
- Appointment of Estate Administration
-
Handling Estate Administration Tax Issues
- Examples of Forms Needed
- Federal and State Estate Tax Considerations
- Income Tax Issues for the Estate and the Heirs
- Resolving Disputes With Taxing Authorities
- Deductions and Exemptions
- How the Generation-Skipping Transfer Tax Affects Your Clients
- Tax Deadlines and Handling Extensions
- Sales of Real Property
-
Initial Steps to the Estate Administration Process
- Understanding the Laws of Intestacy
- Sample Estate Administration Checklists, Forms and Required Notices Needed
- Interpreting Provisions and Terms of Art Found in Wills
- Using Disclaimers Correctly
-
Marshalling Assets
- Procedures to Locating and Marshalling Probate and Non-Probate Assets
- Safe Deposit Boxes and Bank Accounts
- Real Estate
- Brokerage Accounts, 401Ks, IRAs, Pensions and Life Insurance Policies
- Sample Forms and Documents Needed
- Appraisers and Valuing the Property of Probate Estates
- Procedures to Locating and Marshalling Probate and Non-Probate Assets
-
Complex Issues in Estate Administration
- Jointly Held Assets
- Spousal Claims
- Allowances and Elections Against the Will
- Handling Unmarried Couples and Stepchildren
- Will Contests, Trust and Estate Disputes
- Business Ownership
- Agency Problems Involving Guardianships, Conservatorships, Powers of Attorney or Other Agency Relationships
-
Handling Creditor Claims and Debt
- Sample Forms and Required Notices Needed
- Priority and Payment of Claims
- Late Claims and Contested Claims
- Steps to Ensure all Debt is Located and Handled Correctly
- What if the Assets Don't Cover the Bills?
- Bankruptcy and Foreclosure
- Selling of Assets and Properly Dealing with Creditors
-
Distribution and Closing of the Estate
- Sample Forms, Agreements and Documents Needed
- Proper Transferring and Distribution of Probate and Non-Probate Assets and Timing of Distributions
- Real Estate
- 401Ks, IRAs, Pensions and Life Insurance Policies
- Distribution of Miscellaneous Assets (Automobiles, Jewelry, Etc.)
- Distributions in Kind
- Distribution to Minors, Surviving Spouse and Trusts
- Disposition of Unclaimed Assets
- Proper Settlement of the Estate
- Formal and Informal Estate Accountings
- Choosing the Appropriate Closing Procedure
- Compensation and Discharge of the Personal Representative
-
Ethics and Estate Administration
- Breach of Fiduciary Responsibility
- Avoiding Conflicts of Interest
- Attorney-Client Privilege
- Fee Agreements
Who Should Attend
This basic level online seminar is designed for professionals who want to be more effective in the estate administration process, such as:
- Attorneys
- CPAs and Accountants
- Paralegals
- Wealth Managers
- Tax Professionals
- Trust Officers
Speakers
Speaker bio
Michael G. Zapson
is a partner at Certilman Balin Adler & Hyman LLP. He concentrates his practice in trusts and estates, and trust and estate litigation. Mr. Zapson also maintains a real estate zoning and land use practice. He represents executors, trustees, real property owners, national companies, REITs lenders and brokers. Mr. Zapson is a member of the Bar Association of the City of New York, Nassau County Bar Association and Long Beach Lawyers Association. He earned his B.A. degree from Cornell University and J.D. degree from the State University of New York at Buffalo.
Speaker bio
Damianos Markou
is an attorney with Capell Barnett Matalon & Schoenfeld, LLP where he practices trusts and estates law, concentrating his practice in trust and estates litigation proceedings in the New York State Surrogate's Courts. Mr. Markou has extensive experience and has successfully represented individual and corporate clients in a variety of Surrogate's Court proceedings including will contests, contested accountings, discovery proceedings, reverse discovery proceedings, construction proceedings, right of election proceedings, guardianships, administration proceedings and other miscellaneous Surrogate's Court proceedings. He has represented individual and corporate clients in the administration of estates and trusts and has successfully represented and defended clients' estate tax filings before the Internal Revenue Service and the New York State Commissioner of Taxation and Finance. Mr. Markou is also involved in estate planning and the drafting of wills and trusts for his clients. While in law school, he enrolled in a summer law program in Moscow State University, in Moscow, Russia where he studied the Russian legal system in transition and the Russian language. After law school, Mr. Markou began his career as an attorney with a firm who had acted as counsel to the public administrator of Queens County, New York representing clients in all aspects of complex Surrogate's Court proceedings.
Speaker bio
Gregory L. Matalon
is a partner with Capell Barnett Matalon & Schoenfeld LLP, where he practices in the areas of estate planning, estate administration, elder law, and not-for-profit and religious corporations law. Mr. Matalon also represents executors and trustees to navigate the complex federal and state laws impacting estates and trusts. He earned his B.A. degree from Skidmore College and his J.D. degree from Hofstra University School of Law.
Speaker bio
Steven H. Holinstat
is a partner at Proskauer Rose LLP in the Litigation Department, and is the head of the fiduciary litigation group. Over the past two decades, he has handled complex, high-profile litigations that have resulted in hundreds of millions of dollars in recoveries. Mr. Holinstat has a broad and diverse background in all aspects of high-stakes commercial litigation, with a focus on all aspects of fiduciary litigation, including litigation involving real estate and closely-held business assets of the type typically held by our high-net worth clients. He is the lead litigator in a number of high-net-worth trust and estate matters, and has developed a reputation for being adept at intervening and resolving challenging interfamily disputes before they escalate into full-blown litigation. Mr. Holinstat earned his B.A. degree, cum laude, from University of Michigan and his J.D. degree, cum laude, from Fordham University School of Law.
Speaker bio
Jonathan M. Pollack
is a counsel attorney in Offit Kurman, Attorney At Law's estates and trusts practice group. Mr. Pollack focuses his practice on estate planning, and trust and estate administration. He works closely with his clients to understand their unique needs and goals, tailoring their estate plans to minimize taxes as well as protect and preserve their assets for future generations. Mr. Pollack is admitted to practice in both New Jersey and New York. He earned his bachelor's degree from Binghamton University and his Juris Doctorate from the University at Buffalo School of Law. Mr. Pollack is also a student mentor at his alma mater, guiding law students as they begin their careers.
Speaker bio
Lisa Fenech
is of principal at Offit Kurman, Attorneys At Law. Her practice focuses on estates and trusts litigation, probate and estate administration, and elder law litigation. This includes contested and uncontested probate and administration proceedings, contested and uncontested Article 81 proceedings, power of attorney litigation, contested estates and trusts accounting proceedings, and various other complex disputes between beneficiaries and fiduciaries. She regularly receives appointments from the New York State Supreme Court to serve as court evaluator and court-appointed counsel in Article 81 proceedings. Ms. Fenech is also frequently appointed by the Surrogate's Courts to serve as Guardian Ad Litem in probate, accounting, wrongful death, and various other proceedings. These appointments allow her to advocate for vulnerable individuals who are unable protect their own rights. She earned her A.S degree from Florida Keys Community College, her B.A degree cum laude from Adelphi University and her J.D degree from Maurice A. Deane School of Law at Hofstra University.
Speaker bio
Erik Olson
is a partner with the law firm of Capell Barentt Matalon & Schoenfeld LLP. He practices in the areas of taxation, estate planning, estate administration and corporate law. Mr. Olson assists individuals and families by developing efficient estate, gift and generation-skipping transfer tax plans. He also focuses on business formation and structuring, as well as business succession, interweaving estate, tax and business planning strategies and techniques, and advises clients in financial transactions from a business and tax perspective, including business sales, purchases and reorganizations. Mr. Olson completed his LL.M in Taxation at New York University School of Law. He earned his Juris Doctor from Loyola Law School in Los Angeles, where he received honors in the Corporate Law concentration. He also received a Bachelor of Arts in Economics from Boston College.
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