Pennsylvania Estate Administration From Start to Finish
Credits Available
| Credit | Status | Total |
|---|---|---|
| New Jersey CLE |
|
8 Total |
| New York CLE |
|
8 Total |
| Pennsylvania CLE |
|
6.5 Total |
| West Virginia CLE |
|
8 Total |
| CPE for Accountants/NASBA |
|
8 Total |
Mon, Jun 08, 00:00 AM – 00:00 PM
Mon, Jun 08, 00:00 AM – 00:00 PM
Register For Course
Live Webinar Registration
OnDemand Recording
Course Book Download
or
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
- Initial Steps to the Estate Administration Process
- Marshalling Assets
- Handling Creditor Claims and Debt
- Complex Issues in Estate Administration
- Handling Estate Administration Tax Issues
- Distribution and Closing of the Estate
- Ethics and Estate Administration
Can't Attend Live?
Pre-Order the OnDemand
We will notify you when the ondemand recording is available.
Credit Details
Credits Available
| Credit | Status | Total |
|---|---|---|
| New Jersey CLE |
|
8 Total |
| New York CLE |
|
8 Total |
| Pennsylvania CLE |
|
6.5 Total |
| West Virginia CLE |
|
8 Total |
| CPE for Accountants/NASBA |
|
8 Total |
Select Jurisdiction
CLE
Other
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
-
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
-
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
-
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 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
-
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
Karen Conn Mavros
is an attorney with the law firm of Flaster Greenberg PC. Her practice includes trust and estate planning and administration. With more than two decades of experience in trust and estate planning and administration, Ms. Mavros focuses on providing personalized counsel and estate and tax plans customized to each client's distinct situation. She is experienced handling trust and estate administration matters, from probate through distribution, including income, estate, and state death tax filings and the management of contested matters and has handled guardianship matters. In addition to her professional work, Ms. Mavros is dedicated to community service, having served on the board of the Penn Wynne Library Association, where she coordinated community outreach and assisted with fundraising efforts, and volunteered with the Support Center for Child Advocates where she represented minors in criminal cases for abuse. She earned her B.A. degree from the University of Pennsylvania and her J.D. degree from Villanova University School of Law, where she participated in the Villanova Federal Tax Clinic, representing low-income taxpayers in matters with the Internal Revenue Service, and the Villanova Environmental Law Journal. Ms. Mavros is admitted to practice in Pennsylvania and New Jersey.
Speaker bio
Gary B. Freedman
is a partner with the Philadelphia law office of Freedman & Grinshpun, PC. He practices in the areas of elder law, probate, estate planning, corporate law, and real estate law. Mr. Freedman is an advisor to many nonprofit agencies on charitable giving through estate planning. He is the former solicitor for the Register of Wills Office in Montgomery County, and has lectured for banks and insurance companies on trust and estate planning topics. Mr. Freedman is a member of the Philadelphia (Estate Planning Section), Montgomery County (Estate Planning Section) and Pennsylvania (Estate Planning Section) bar associations. He earned his B.A. degree from Temple University, his J.D. degree from Temple University Beasley School of Law, his LL.M. degree from Temple University Beasley School of Law and his M.A. degree from Boston University.
Speaker bio
Charles B. Hadad
is an equity partner in The Lynch Law Group, LLC. He is the partner in charge of the firm's Southpointe Office and a member of the firm's estates and trusts, elder law; corporate, and business succession groups. Mr. Hadad concentrates his practice in the areas of estate planning, estate administration, probate, trust administration, real estate transactions, and corporate and business planning. He advises clients in all facets of estate planning and estate administration. Mr. Hadad is an experienced litigator for Orphans' Court and has successfully represented fiduciaries in surcharge actions, defended will contests, and asserted claims on behalf of beneficiaries and other interested parties for breach of fiduciary duty in the course of estate and trust administration. He is a member of the Pennsylvania, Allegheny County (Probate & Trust Section Council) and Washington County bar associations. Mr. Hadad earned his B.A. degree from the University of Pittsburgh and his J.D. degree, with honors, from the Thomas M. Cooley Law School.
Speaker bio
Marjorie Belliotti
currently serves as an independent contractor at Maillie LLP. She has 40+ years of experience in both public and private accounting, tax, and business process improvement. Ms. Belliotti serves a variety of industries including retail, manufacturing, personal service and construction industries. She is a member of the American Institute of Certified Public Accountants (AICPA), Pennsylvania Institute of Public Accountants (PICPA), and National Association of Professional Women. Ms. Belliotti is a published author who has developed and taught a variety of tax courses. She earned her B.S. degree in accounting from Robert Morris University.
Speaker bio
John W. Metzger
is a partner in the Lancaster firm of Metzger and Spencer, LLP, where he practices in the areas of taxation, probate, trusts, estate planning, business entities, real estate, orphans' court practice, orphans' court litigation, and zoning law. He is chairman of the Lancaster Township Zoning Hearing Board, and a member of the Lancaster and Pennsylvania bar associations. Mr. Metzger recently completed his term as a member of the Real Property Probate and Trusts Law Section Council. He has volunteered and served as the estate planning expert for Wills for Heroes. Mr. Metzger served several terms as a trustee of The Heritage Center Museum of Lancaster County, chairman of its Planning and Giving Committee, and chairman of the Heritage Museum at Penn Square. He recently concluded service on both the Board of Directors and Executive Committee of the Historic Preservation Trust of Lancaster County, and as a member of the Preservation Action Committee. Mr. Metzger earned his B.A. degree, cum laude, from the University of Richmond and his J.D. degree from Temple University School of Law.
Speaker bio
Biagio V. Musto, II
is a solo practitioner at Musto Law Office, where he focuses his practice on elder Law; estate planning and administration; personal injury; workers' compensation; adoptions; and bankruptcy. Mr. Musto was awarded an academic scholarship by Marywood based on academic excellence, and was awarded Dean's List honors throughout his undergraduate career based on academic achievement. He is a member of the Luzerne County Bar Association and Pennsylvania Bar Association (member, Elder Law Section). Mr. Musto earned his J.D. degree from The Dickinson School of Law and is admitted to practice law in Pennsylvania.
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