Live In-Person

DE Specific

Trusts, Estates & Probate

Live In-Person

Delaware Probate and Trust Administration

Credits Available
Credit Status Total
Delaware CLE Approved 6.7 Total
New Jersey CLE Approved 8 Total
New York CLE Approved 8 Total
Pennsylvania CLE Approved 6.5 Total
New York CPE for Accountants Approved 8 Total
CPE for Accountants/NASBA Approved 8 Total
Wilmington, DE
6 hours 40 minutes
Jennifer Zelvin McCloskey
Kathleen DeLacy
Elle Van Dahlgren
With Jennifer Zelvin McCloskey from Zelvin Law, LLC & University of Delaware + 2 others

Thu, Dec 17, 00:00 AM – 00:00 PM

Product ID 102527

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Course Includes
$499

Live In-Person Seminar Registration

Course Book Download

OnDemand content will be available within 7 days of event date.

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

The Location

Wilmington, DE

Doubletree By Hilton Wilmington
4727 Concord Pike
Wilmington, DE, 19803
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Can't Attend Live?

Get the OnDemand Instead

Watch the recording of this event on your own schedule. We'll notify you when its ready.

Related Topics

Product ID 102527

Credit Details

Credits Available
Credit Status Total
Delaware CLE Approved 6.7 Total
New Jersey CLE Approved 8 Total
New York CLE Approved 8 Total
Pennsylvania CLE Approved 6.5 Total
New York CPE for Accountants Approved 8 Total
CPE for Accountants/NASBA Approved 8 Total
Select Jurisdiction
CLE
Other

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, Key Provisions, and Their Purposes
    2. Jurisdiction
    3. Valuation of Assets
    4. Funding a Trust
    5. Communication With Beneficiaries
    6. Amending and Modifying the Trust
    7. Trust Administration Checklist
    8. Sample Forms and Documents

  7. Accounting, Distributions in Trust Administration

    1. Notices of Proposed Actions
    2. Uniform Principal and Income Act: Management and Investment of Assets
    3. Distributions: Trust Provisions, Trustee Discretion, Timing, Logistics
    4. Trust Fiduciary Accounting vs. Income Tax Accounting
    5. Determining Trustee Fees
    6. 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 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

Jennifer Zelvin McCloskey
Jennifer
Zelvin McCloskey
Zelvin Law, LLC & University of Delaware
Kathleen DeLacy
Kathleen
DeLacy
Reger Rizzo & Darnall LLP
Elle Van Dahlgren
Elle
Van Dahlgren
Elle Van Dahlgren Law, LLC
Speaker bio
Jennifer Zelvin McCloskey

Jennifer Zelvin McCloskey

Zelvin Law, LLC & University of Delaware
Jennifer Zelvin McCloskey

is the founder of Zelvin Law, LLC and the director of the Tust Management Minor at the University of Delaware, where she also teaches. She is licensed to practice law in Delaware, Florida, Pennsylvania, and North Carolina. Ms. Zelvin McCloskey earned her J.D. degree, cum laude, from Widener University's Delaware Law School. She started her career practicing corporate bankruptcy and commercial litigation, before serving as a criminal prosecutor for 6 years with the Florida State Attorney General's office. Transitioning back to private practice, Ms. Zelvin McCloskey began focusing on trustee representation and obtained her LL.M. in taxation and a certification in estate planning from Villanova University's Charles Widger School of Law. In 2017, she accepted an opportunity to develop a minor course of study at University of Delaware, where she began the Lerner College Trust Management Minor. In the same year, Ms. Zelvin McCloskey also opened her law firm to continue helping families with estate planning and individuals with business formation.

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Speaker bio
Kathleen DeLacy

Kathleen DeLacy

Reger Rizzo & Darnall LLP
Kathleen DeLacy

is a partner in the Wilmington and Rehoboth Beach office of Reger Rizzo & Darnall LLP. She brings more than 20 years of legal experience to her estate planning practice, concentrating on representing individuals emphasizing a broad range of estate and trust planning and administration matters. Ms. DeLacy's practice includes assisting clients in the areas of estate and trust administration, will and trust preparation, estate tax plans, handicapped and special needs beneficiaries, guardianship issues, real estate, and litigation. She regularly handles estate administration and probate issues in the Court of Chancery. In addition to her practice, Ms. DeLacy has taught contracts and legal research in the paralegal program at Delaware Technical; Community College, Owens Campus, and has also taught at Wilmington College in their graduate and undergraduate programs. She is licensed to practice law in Delaware. Ms. DeLacy has also been admitted to practice in the U.S. District Court for the District of Delaware and U.S. Court of Appeals.

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Speaker bio
Elle Van Dahlgren

Elle Van Dahlgren

Elle Van Dahlgren Law, LLC
Elle Van Dahlgren

is the owner of Elle Van Dahlgren Law, LLC. She advises clients on matters relating to estate planning, including powers of attorney, advance health care directives, wills, revocable trusts, supplemental needs trusts (also called special needs trusts), irrevocable life insurance trusts, asset protection, and business succession. Ms. Van Dahlgren's work encompasses all aspects of wills and trusts in Delaware and Pennsylvania, including probate of wills, the marshaling and inventory of assets, and the administration of living and testamentary trusts. In addition, she provides counsel on estate and trust administration, including probate, estate tax returns, post mortem tax planning, and other administration issues. As part of her practice, Ms. Van Dahlgren frequently assists clients in adult guardianship proceedings and petitions relating to probate or trust administration. She is admitted to practice in Delaware and Pennsylvania. In addition to membership in each state's bar association and subcommittees, she provides pro bono services with Community Legal Aid Society, Inc., and Delaware Volunteer Legal Services, Inc. Ms. Van Dahlgren earned her B.A. degree from Drake University and her J.D. degree from the University of Iowa College of Law.

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