Trusts, Estates & Probate

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Probate Accounting: A Practical Guide

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
New York CPE for Accountants Approved 6 Total
Washington CPE for Accountants Approved 6 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Live Online
6 hours
Miriam Rhoden-Shedden
Lisa Casey Labelle
Ellen Deeter
David Deeter
Christopher Denney
With Miriam Rhoden-Shedden from Shedden Law LLC + 4 others

Mon, Dec 21, 00:00 AM – 00:00 PM

Product ID 102760

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Course Includes
$429

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OnDemand Recording

Course Book Download

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

Overview

Build Accountings That Hold Up - In the File and In Court

One overlooked entry, one missing schedule, one unexplained distribution - and a routine accounting turns into a contested hearing, a frustrated client, and hours of unbillable cleanup. Probate accounting sits at the intersection of fiduciary law and bookkeeping, and the attorneys who get it wrong rarely realize it until a beneficiary objects or a judge sends the accounting back. This practical course walks you through building an accurate, defensible accounting from the ground up: marshaling assets, tracking income and disbursements, formatting schedules the way courts expect to see them, and spotting the errors that invite disputes before they happen. You will also work through the ethical pressure points unique to this work, from fiduciary duty and conflicts to candor with the court and with beneficiaries who are watching every line. Leave with a repeatable process for accountings that get approved the first time. Register today!

  • Understand the fiduciary's duty to account and what courts expect to see.
  • Correctly marshal, value, and report estate assets.
  • Track income, expenses, and distributions without creating reconciliation headaches.
  • Format a formal accounting with the schedules and supporting detail courts require.
  • Catch the errors and gaps that most often trigger beneficiary objections.
  • Navigate the ethical obligations specific to preparing and presenting accountings.
  • Prepare for audits, court review, and contested hearings with confidence.

Abbreviated Agenda

  1. The Fiduciary's Duty to Account: Foundations and Standards
  2. Marshaling, Inventorying, and Valuing Estate Assets
  3. Building the Formal Accounting: Format, Schedules, and Required Elements
  4. Recording Income, Expenses, and Distributions Correctly
  5. Ethics in Probate Accounting: Fiduciary Duty, Conflicts, and Candor
  6. Common Errors, Discrepancies, and Beneficiary Disputes
  7. Technology, Audits, and Court Review: Surviving Scrutiny

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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 102760

Credit Details

Credits Available
Credit Status Total
Alaska CLE Reciprocity 6 Total
Alabama CLE Approved 6 Total
Arkansas CLE Approved 6 Total
Arizona CLE Approved 6 Total
California CLE Approved 6 Total
Colorado CLE Approved 7 Total
Connecticut CLE Approved 6 Total
Delaware CLE Approved 6 Total
Florida CLE Approved 7 Total
Georgia CLE Approved 6 Total
Hawaii CLE Approved 6 Total
Iowa CLE Approved 6 Total
Idaho CLE Approved 6 Total
Illinois CLE Approved 6 Total
Indiana CLE Approved 6 Total
Kansas CLE Approved 7 Total
Kentucky CLE Approved 6 Total
Louisiana CLE Approved 6 Total
Maine CLE Approved 6 Total
Minnesota CLE Approved 6 Total
Missouri CLE Approved 7.2 Total
Northern Mariana Islands CLE Approved 6 Total
Montana CLE Approved 6 Total
North Carolina CLE Approved 6 Total
Nebraska CLE Approved 6 Total
New Hampshire CLE Approved 6 Total
New Jersey CLE Approved 7.2 Total
New Mexico CLE Approved 6 Total
Nevada CLE Approved 6 Total
New York CLE Approved 7 Total
Ohio CLE Approved 6 Total
Oklahoma CLE Approved 7 Total
Pennsylvania CLE Approved 6 Total
Rhode Island CLE Upon Request 7 Total
South Carolina CLE Approved 6 Total
Tennessee CLE Approved 6 Total
Texas CLE Approved 6 Total
Utah CLE Approved 6 Total
Virginia CLE Approved 6 Total
Vermont CLE Approved 6 Total
Washington CLE Approved 6 Total
Wisconsin CLE Approved 7 Total
West Virginia CLE Approved 7.2 Total
Wyoming CLE Approved 6 Total
New York CPE for Accountants Approved 6 Total
Washington CPE for Accountants Approved 6 Total
Wisconsin CPE for Accountants Approved 7.2 Total
CPE for Accountants/NASBA Approved 7 Total
Select Jurisdiction
CLE
Other

Agenda

All times are shown in

  1. The Fiduciary's Duty to Account: Foundations and Standards

    1. What Courts and Beneficiaries Are Looking For
    2. Statutory and Case Law Foundations for the Duty to Account
    3. Formal vs. Informal Accountings: When Each Applies
    4. Fiduciary Accounting vs. Tax Accounting: Why the Numbers Don't Always Line Up

  2. Marshaling, Inventorying, and Valuing Estate Assets

    1. Identifying and Inventorying Probate and Non-Probate Assets
    2. Valuation Methods and Documentation Standards
    3. Handling Hard-to-Value or Disputed Assets

  3. Building the Formal Accounting: Format, Schedules, and Required Elements

    1. Standard Schedules: Assets, Receipts, Disbursements, and Distributions
    2. Reconciling the Accounting Period Start-to-Finish
    3. Supporting Documentation Courts and Beneficiaries Expect
    4. Practical Tools and Templates for Building the Accounting

  4. Recording Income, Expenses, and Distributions Correctly

    1. Categorizing Income, Gains, and Receipts
    2. Allocating Principal vs. Income and Managing Reserve Funds
    3. Recording Expenses, Fiduciary Compensation, Attorney Fees, and Other Disbursements
    4. Tracking Interim and Final Distributions to Beneficiaries

  5. Ethics in Probate Accounting: Fiduciary Duty, Conflicts, and Candor

    1. Fiduciary Duty and Conflicts of Interest in Preparing Accountings
    2. Candor to the Court and Communication With Beneficiaries
    3. Confidentiality, Fee Disclosure, and Multiple-Client Representation Issues
    4. Common Ethical Pitfalls and How to Avoid Them

  6. Common Errors, Discrepancies, and Beneficiary Disputes

    1. The Most Frequent Errors That Trigger Objections
    2. Responding to Beneficiary Questions and Informal Disputes
    3. When and How to Correct or Amend an Accounting

  7. Technology, Audits, and Court Review: Surviving Scrutiny

    1. Software and Tools That Streamline Accounting Preparation
    2. Preparing for Court Audit or Examiner Review
    3. Defending the Accounting at a Contested Hearing
    4. Building a Repeatable Process for Future Accountings

Who Should Attend

This legal guide is designed for attorneys. Accountants, tax professionals, fiduciaries, and paralegals will also benefit.

Speakers

Miriam Rhoden-Shedden
Miriam
Rhoden-Shedden
Shedden Law LLC
Lisa A Casey Labelle
Lisa A.
Casey Labelle
Vacovec, Mayotte & Singer, LLP
Ellen M Deeter
Ellen M.
Deeter
Deeter Law LLC
David D Deeter
David D.
Deeter
Deeter Law LLC
Christopher E Denney
Christopher E.
Denney
Silvermark CPAs & Advisors
Speaker bio
Miriam Rhoden-Shedden

Miriam Rhoden-Shedden

Shedden Law LLC
Miriam Rhoden-Shedden

is an attorney and owner of Shedden Law LLC. She is a dedicated estate planning attorney with a passion for educating her clients and ensuring their needs are at the forefront of every decision. Ms. Rhoden-Shedden is licensed to practice in Maryland, Washington D.C., Vermont, and Jamaica.

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Speaker bio
Lisa A Casey Labelle

Lisa A. Casey Labelle

Vacovec, Mayotte & Singer, LLP
Lisa Casey Labelle

is a partner at Vacovec, Mayotte & Singer, LLP where she concentrates her practice on estate planning services for a diverse client base ranging from young families executing an estate plan for the first time to high net-worth individuals. The latter routinely includes more complex planning strategies, such as generation-skipping trusts, spousal trusts, life insurance trusts, and annual gift trusts (commonly called "Crummey" trusts). Ms. Labelle also prepares gift tax returns to ensure adequate reporting to the IRS of such gifting strategies. She also provides trust and estate administration services, including the preparation of estate tax returns, fiduciary income tax returns, and trust and estate accountings. In her prior capacity as a professional trustee for a group of family trusts benefiting multiple generations, Ms. Labelle frequently dealt with questions of proper trust administration and the income and gift tax consequences arising from trustee actions. Her experience in preparing tax returns allows her to apply her knowledge of the Internal Revenue Service Code and Treasury Regulations to her clients' real-world scenarios yielding. the most favorable outcomes for them. She is admitted to practice law in Massachusetts, Florida and New York. Ms. Labelle earned her B.A. degree from Dartmouth College, her J.D. degree from Cornell Law School and her LL.M. degree in taxation from Boston University School of Law.

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Speaker bio
Ellen M Deeter

Ellen M. Deeter

Deeter Law LLC
Ellen Deeter

is an attorney in Indianapolis. Her practice is focused on estate planning and administration; estate, trust, and elder law mediation; expert witness services in trust and estate litigation matters; and consulting services for fiduciaries. Prior to going into the private practice of law, Ms. Deeter spent 35 years working for bank trust departments, where she worked in a variety of roles, including trust and estate administration, fiduciary income taxation, estate and gift taxation, and as in-house trust counsel. The last 18 years of her trust department career were spent with The National Bank of Indianapolis, from which she retired in 2013. Ms. Deeter is admitted to practice in the state of Indiana and the U.S. District Court, Southern District of Indiana. She earned her B.A. degree, magna cum laude, from the University of Notre Dame; and her J.D. degree, magna cum laude, from Indiana University School of Law at Indianapolis (now known as the Indiana University Robert H. McKinney School of Law). In addition to being an attorney and a registered civil mediator, Ms. Deeter obtained her CERTIFIED FINANCIAL PLANNER™ certification in 1984 and her CERTIIFIED TRUST and FINANCIAL ADVISOR™ designation in 1992, both of which she maintained until 2022.

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Speaker bio
David D Deeter

David D. Deeter

Deeter Law LLC
David Deeter

is an attorney at Deeter Law LLC. He has been an attorney for over forty years with the last twenty-four years focused on the areas of estate planning and probate. He retired from full time practice in 2022. He lectures to various professionals on estate planning, probate administration, taxation topics. Mr. Deeter earned his B.A. degree from the University of Notre Dame (attending the University of Innsbruck, Innsbruck, Austria during his sophomore year). He earned his J.D. degree, cum laude, from Indiana University School of Law, Indianapolis. Mr. Deeter is a member of the Indiana State Bar Association (Probate and Real Property Section) and the Indianapolis and American bar associations. He is a former president and and board member of the Estate Planning Council of Indianapolis and former president and board member of the Notre Dame Club of Indianapolis. Prior to retirement he was a board-certified Indiana trust and estate lawyer by the Trust and Estate Specialty Board. He is admitted to practice before the U.S. District Court for the Southern District of Indiana.

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Speaker bio
Christopher E Denney

Christopher E. Denney

Silvermark CPAs & Advisors
Christopher Denney

, MPA, MST, CPA, CGMA, ABV, CVA, CM & AA, CFF, CEPA, IFRS, is the managing member with Silvermark CPAs & Advisors, where he has more than 20 years of consulting experience. He has represented three Big 4 accounting firms, some in tax leadership roles, and a Fortune 500 Company as a tax officer. Mr. Denney's strengths are in identifying tax planning opportunities and areas of tax risk, and some of his tax research has been nationally published. He is a member of the American Institute of Certified Public Accountants, and the ABV Section; Indiana CPA Society; National Association of Certified Valuation Analysts; and Ball State University Accounting Department Executive Advisory Council. Mr. Denney earned his B.S. degree in accounting from Ball State University and both of his M.S. degrees, in taxation and professional accountancy, from Indiana University.

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