Indiana Estate Administration From Start to Finish
Credits Available
| Credit | Status | Total |
|---|---|---|
| Indiana CLE |
|
6.7 Total |
| CPE for Accountants/NASBA |
|
8 Total |
Thu, Sep 10, 00:00 AM – 00:00 PM
Thu, Sep 10, 00:00 AM – 00:00 PM
Register For Course
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OnDemand Recording
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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
- Handling Creditor Claims and Debt
- Complex Issues in Estate Administration
- Handling Estate Administration Tax Issues
- Marshalling Assets
- Distribution and Closing of the Estate
- Ethics and Estate Administration
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Credit Details
Credits Available
| Credit | Status | Total |
|---|---|---|
| Indiana CLE |
|
6.7 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
-
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
- Federal and State Estate Tax Considerations
- Income Tax Issues for the Estate and the Heirs
- Deductions and Exemptions
- How the Generation-Skipping Transfer Tax Affects Your Clients
- Tax Deadlines and Handling Extensions
-
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
-
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 and trust officers.
Speakers
Speaker bio
William J. Barkimer
is a partner in the law firm of Krieg DeVault LLP. He counsels clients and litigates disputes in a wide range of civil and commercial litigation matters. Particular areas of focus include contractual disputes, shareholder disputes, banking liability, probate litigation, tort law, real estate disputes, and intellectual property. Mr. Barkimer earned his B.S. degree from Ohio Northern University and his J.D. degree from Indiana University Robert H. McKinney School of Law. He is a member of the American Bar Association, Indiana State Bar Association and Indianapolis Bar Association.
Speaker bio
Arlene Kline
is the principal of the Law Office of Arlene Kline in Indianapolis. She focuses her practice in the areas of estate planning and estate administration, and probate. Ms. Kline is a member of the Indianapolis Bar Association and the Indiana State Bar Association. She earned her undergraduate degree from Indiana University and her J.D. degree from Indiana University School of Law.
Speaker bio
Bret S. Clement
is a shareholder of the Indianapolis law firm of Ayres Carr & Sullivan, P.C., where his practice focuses on estate and business planning, taxation, and commercial litigation. As an adjunct professor of law, Mr. Clement previously taught the estate and gift tax course at Indiana University School of Law. He wrote the sales and use tax, gross income tax, inheritance tax, and property tax explanations for the Indiana Section of Research Institute of America's State and Local Tax Service. Mr. Clement earned his B.B.A. degree, with high honors, from the University of Notre Dame and his J.D. degree, cum laude, from the University of Michigan. He is a member of the Indiana State Bar Association and is admitted to practice law in Indiana.
Speaker bio
Peter L. Ostermiller
is a sole practitioner concentrating in legal ethics and professional responsibility matters. In 1980 he obtained his license to practice law in Kentucky. His legal ethics and professional responsibility law practice began in the mid-1980s and, since the mid-1990s has been his practice concentration. He represents attorneys in disciplinary and reinstatement proceedings, judges in judicial ethics matters, and bar exam applicants. Mr. Ostermiller has also represented parties in attorney's fee dispute proceedings, and attorneys in legal proceedings in which sanctions have been sought against the attorney. He has represented parties in attorney disqualification proceedings and counseled lawyers and law firms in their respective rights, responsibilities and duties to other attorneys and their clients. He also serves as an expert witness at the state and federal level regarding legal ethics and professional responsibility matters. Mr. Ostermiller is a member of the Kentucky Bar Association, Louisville Bar Association and Association of Professional Responsibility Lawyers. Mr. Ostermiller earned his B.A. and J.D. degrees from the University of Louisville.
Speaker bio
Madison J. Cibulka
is an associate attorney with Robinson Farthing Spandau Williams LLC, where she brings a wealth of knowledge and a commitment to serving her clients' needs. Her educational background includes a dual major in accounting and political science at the University of St. Francis (IL), culminating in the attainment of a Bachelor of Arts in business administration. Subsequently, Ms. Cibulka earned her Juris Doctor from the esteemed Indiana University Robert H. McKinney School of Law, located in Indianapolis, Indiana. During her tenure at McKinney, she actively engaged with the Federalist Society and devoted her time as a guardian ad litem and court appointed special advocate for child in need of services cases, reflecting her deep dedication to upholding justice and the welfare of children. Ms. Cibulka's commitment to this cause extends beyond her professional life, as she continues to champion child in need of services cases outside of her regular duties. She possesses firsthand insights into the complexities of corporate succession planning, having witnessed the adverse outcomes resulting from failures in this critical area. She aspires to leverage her extensive experience in estate planning, with over three years of dedicated practice, to guide her clients through the intricate decisions concerning their future. Ms. Cibulka's approach prioritizes a deep understanding of her clients on a personal level, allowing her to tailor solutions that best suit their unique needs. In addition to her proficiency in estate planning, her practice encompasses a diverse array of legal areas, including probate, corporate, and real estate matters.
Speaker bio
Thomas R. Steele
is an attorney at Robinson Farthing Spandau Williams LLC. He is deeply passionate about estate planning, dedicated to providing clients with the peace of mind and security their individual estates deserve. Mr. Steele emphasizes the importance of tailored estate plans that reflect clients' unique needs and goals, helping them navigate complex decisions regarding wills, trusts, and asset distribution. His extensive experience in probate and trust administration ensures that families can manage the often-challenging process of settling estates with compassion and efficiency, guiding them through each step to ease the burden during difficult times. Mr. Steele is licensed to practice in both Indiana and Illinois. He is also an active member of the Goodwill Young Leaders Board, the Estate Planning Council of Indianapolis, Rotary Club of Carmel and Indiana State Bar Association, demonstrating his commitment to both professional development and community involvement. A native of Southern Indiana, Mr. Steele earned his B.A. degree in business administration from the University of Evansville and subsequently earned his J.D. degree from Belmont University College of Law in Nashville, Tennessee.
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