Nevada Probate Process: In 7 Simple Steps
Credits Available
| Credit | Status | Total |
|---|---|---|
| Nevada CLE |
|
6 Total |
| CPE for Accountants/NASBA |
|
7 Total |
Mon, Nov 23, 00:00 AM – 00:00 PM
Mon, Nov 23, 00:00 AM – 00:00 PM
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Overview
Learn How to Handle Assets, Taxes, Personal Representatives, and More!
This step-by-step practical instruction offers essential knowledge of probate processes and best practices for handling each unique case effectively. Learn how to tackle crucial first steps; handle the personal executive; gather, value, and distribute all assets; and successfully complete the final accounting and tax returns. Arm yourself with the foundational knowledge and best practices you need to ensure a smooth administration from start to finish. Register today!
- Don't overlook anything important: confidently navigate critical first steps.
- Understand executor powers, duties, responsibilities, and compensation guidelines.
- Learn how to effectively marshal and inventory all assets.
- Pick up tips for validating, prioritizing, and satisfying creditor claims.
- Get practical guidance for post-mortem planning, trust administration, and tax hurdles.
- Put the decedent's affairs to rest by making distributions, filing the final tax return, and completing the final accounting.
- Discover how to litigate deed contests, lost or contested wills, fiduciary misconduct, and more.
Abbreviated Agenda
- Opening the Estate
- Preparing the Personal Representatives for the Job
- Managing the Estate: Valuations, Spousal Share, and More
- Addressing Creditor Claims
- Post-Mortem Tax Planning, Distributions, and Trust Administration
- Handling Estate Closing, Final Accounting, and Tax Returns
- Maintaining an Ethical Practice
- Resolving Disputes and Navigating Probate Litigation
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Credit Details
Credits Available
| Credit | Status | Total |
|---|---|---|
| Nevada CLE |
|
6 Total |
| CPE for Accountants/NASBA |
|
7 Total |
Select Jurisdiction
CLE
Other
Agenda
-
Opening the Estate
- What to Do in the First 48 Hours
- Obtaining the Will and Getting it Admitted
- Locating and Notifying the Beneficiaries
- Determining if the Estate Qualifies for a Small Estate Administration
- The Estate Timeline - What Must be Done When
- Filing the Initial Petition With the Probate Court: Forms and Procedures
- Sending Initial Notices to the Public and to State Agencies
- Closing the Decedent's Accounts
- Obtaining the Estate Tax ID
- Laws of Intestacy
-
Preparing the Personal Representatives for the Job
- Educating PRs on Their Duties, Powers, and Responsibilities
- Compiling Personal Representative Guide/Instructions
- Clarifying Executor Compensation
- Advising PRs on Potential Problems and Liability
-
Managing the Estate: Valuations, Spousal Share, and More
- Marshalling and Valuing Decedent's Assets
- Initial Inventory
- Maintenance and Management
- Determining Elective Share and Homestead Allowance
- Spousal Rights: Electing vs. Disclaiming the Share
- Claiming Homestead Allowance
- Portability Rules; Claiming Unused Lifetime Exclusion
- Estate Expenses: Payment and Record-Keeping
- What to Do With the Income the Estate is Producing
-
Addressing Creditor Claims
- Issuing Notices to Creditors: What Works Best
- Validating Claims
- Determining the Priority of Creditor Rights
- Selling Property to Satisfy Claims: What to Sell, How to Do it, and How to Properly Record it
- Satisfying Tax Claims and Liens
-
Post-Mortem Tax Planning, Distributions, and Trust Administration
- Managing the Tax Consequences of Elections and Receipt of Non-Probate Assets (e.g. IRA Distributions)
- Tax Implications of Transfers
- Creating Trusts and Subtrusts for Multiple Beneficiaries to Receive Their Shares of the Estate
- What to Do With Bequests and Trust Distributions to Minors
- Post-Mortem Tax Planning Approaches: How Much Maneuver Room is Left?
- How to Calculate the Omitted Spouse Share or Omitted Child Share
- Guarding Disabled Adult Beneficiaries' Benefits Eligibility
-
Handling Estate Closing, Final Accounting, and Tax Returns
- Tax Returns and Deadlines - Estate and Income, State and Federal, Decedent's and the Estate's
- Informal Closing by Statement of Personal Representative
- Compiling and Balancing the Final Account
- Final Distributions to Beneficiaries and Liability of Distributees
- Closing the Estate and Discharging the Fiduciary
-
Maintaining an Ethical Practice
- Whom do You Represent? Conflicts of Interest
- Protecting Client Confidentiality
- Attorney Fees
- Practicing Law in More Than One State
-
Resolving Disputes and Navigating Probate Litigation
- Will Contests, Deed Contests, Allegations of Undue Influence and Other Causes of Action
- Obtaining Court Guidance for Proposed Actions Regarding the Estate Administration
- Probate Litigation Rules, Procedures, and Evidentiary Provisions
- Fiduciary Misconduct, Liability, Disputes with Beneficiaries
- Effective Approaches to Resolving Disputes Without Going to Court
Who Should Attend
This basic level online seminar is designed for attorneys, accountants, tax professionals, trust officers, executors and other fiduciaries and paralegals.
Speakers
Speaker bio
Hai Ling Chu
is a managing attorney at HLC Legal Ltd., where she is focusing mainly in the areas of estate planning, probate, tax controversy, and business contracts. She earned her B.A. degree from the University of California, Riverside and her J.D. degree from the UNLV William S. Boyd School of Law. In addition to her private practice, Ms. Chu is also an active member of the Las Vegas non-profit community. In 2014, she received the honor of being named Pro Bono Attorney of the Year from Nevada Legal Services, and she is the sitting treasurer for the Asian American Advocacy Clinic. Ms. Chu is admitted to practice law in Nevada and before the Federal Tax Court.
Speaker bio
Anthony L. Barney
is the president and sole shareholder of Anthony L. Barney, Ltd., where he practices in the areas of estate planning and business planning and litigation, including the preparation of wills, revocable living trusts, irrevocable trusts and domestic asset protection trusts; as well as business formation, organization and trust administration. He is licensed to practice law in the Nevada and Idaho state and federal courts. Mr. Barney and his associates have drafted bill legislation for representatives in the Nevada state senate, and has participated as a member of the State Bar of Nevada and Idaho State Bar. Mr. Barney worked with the trust and probate section of the Nevada bar to revise the Eighth Judicial District Court local rules for probate proceedings. He earned his B.S. degree from Brigham Young University; his M.S. degree from the University of Nevada, Las Vegas; and his J.D. and L.L.M. (taxation) degrees from the University of Missouri, Kansas City.
Speaker bio
Cody R. Noble
is a partner at McDonald Carano LLP and has practiced in the firm's Las Vegas office since 2003. For more than 20 years, Mr. Noble's practice has focused primarily on assisting high net worth individuals with their comprehensive trust and estate planning. Specifically, Mr. Noble's practice includes representation of beneficiaries, fiduciaries, and grantors in all aspects of trust and estate planning and administration, including probate administration, generational planning, and asset protection. Mr. Noble also advises litigation attorneys on trust, estate, and tax aspects of litigation matters. Mr. Noble received his B.S., summa cum laude, from Southern University. He went on to obtain his J.D., magna cum laude, from Brigham Young University, and his LL.M. from the University of Florida, Levin College of Law. Mr. Noble is admitted to practice in Nevada and Utah.
Speaker bio
Thomas R. Grover
is an attorney with BlackRock Legal, where he aggressively litigates trust, probate and other civil disputes. He is one of the most frequent litigators to appear each Friday in Clark County Probate Court. Mr. Grover also advises families through non-litigated probate administration. He is admitted to practice in Nevada and before the Nevada Supreme Court and the U.S. District Court for the District of Nevada. Mr. Grover is a member of the State Bar of Nevada. He earned his B.S. degree from Utah State University and J.D. degree from the University of Nebraska College of Law.
Speaker bio
Michael G. Whittaker
is an attorney with McDonald Carano LLP, where his practice includes estate planning, real estate, business entities, and charitable organizations. He is admitted to practice in Nevada and Idaho, and is a member of the Nevada State, Idaho State, and American bar associations. Mr. Whittaker earned his B.S. degree from Brigham Young University Idaho; his M.B.A. degree, with honors, from Washington State University; his J.D. degree from the University of Idaho; and his LL.M. degree in taxation from the University of Florida Levin College of Law.
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