Trusts, Estates & Probate

WA Specific

4.37

Advanced Estate Administration: A Washington Guide

Credits Available
Credit Status Total
Washington CLE Approved 6 Total
OnDemand
6 hours 3 minutes
Julie Olds
Adam Kitz
Brian Isaacson
Ryan Montgomery
Duffy Romnor
With Julie H. Olds from Law Office of Julie H. Olds, PLLC + 4 others
Recorded March 13, 2023
Product ID 96151

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Overview

A Practical Look at the Complexities of the Practice

Get right to the heart of the complex and diverse problems that make up the estate administration process. Get expert guidance on tough inventory issues, trust administration, taxes, final account discrepancies, and more. Enhance your mastery of estate administration - register today!

  • Clear the gray areas when sorting through probate and non-probate assets.
  • Review difficult scenarios in administering estates that include trusts.
  • Guard the estate against unverified creditor claims and make certain all the qualified debts are paid in full.
  • Ensure tax reporting for the estate and the decedent is beyond reproach.

Abbreviated Agenda

  1. Procedural Hurdles
  2. Handling Complex Assets
  3. Trusts in Estate Administration
  4. Advanced Tax (and Related) Issues
  5. Complex Distributions, Final Accounting, and Estate Closing
  6. Beneficiary Disputes, Will and Trust Contests, Probate Litigation
  7. Legal Ethics in Estate Administration

Related Topics

Product ID 96151

Credit Details

Credits Available
Credit Status Total
Washington CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Procedural Hurdles

    1. Choice of Administration, Timeline Overview, and Local Procedure Update
    2. Petitions Best Practices
    3. Commonly Overlooked Sources and Documents
    4. Out-of-State and International Property, Beneficiaries, and Creditors
    5. Multi-Generational Issues

  2. Handling Complex Assets

    1. Probate vs. Non-Probate Assets
    2. Spousal Claims
    3. Estate Inventory Problems
    4. Family Business and Third-Party Interests
    5. IRAs in Estate Administration
    6. Asset Valuation
    7. Access to Digital Assets
    8. Mineral Rights, Art, Antiques, IP Rights, and Other Unique Assets
    9. Assets Improperly Transferred Prior to Death
    10. Creditor Claims, Liens, Sale of Assets, Insolvency

  3. Trusts in Estate Administration

  4. Advanced Tax (and Related) Issues

    1. Tax Law Update; Tax Forms, Deadlines, and Extensions
    2. Tax Basis Reporting
    3. Recording Income, Loss
    4. Allowable Expenses and Gray Areas
    5. Tax Liens, Audits, Disputes
    6. Taxation of Digital Assets and Virtual Currency
    7. Charitable Bequests

  5. Complex Distributions, Final Accounting, and Estate Closing

  6. Beneficiary Disputes, Will and Trust Contests, Probate Litigation

  7. Legal Ethics in Estate Administration

    1. Who is Your Client?
    2. Conflicts of Interest
    3. Attorney Fees and Scope of Representation
    4. Guarding Confidentiality
    5. Breach of Fiduciary Responsibility: Counsel Obligations and Liability

Who Should Attend

This advanced level online seminar is designed for:

  • Attorneys
  • Accountants and CPAs
  • Tax Professionals
  • Fiduciaries
  • Trustees
  • Enrolled Agents
  • Investment Advisors
  • Paralegals

Speakers

Julie H Olds
Julie H.
Olds
Law Office of Julie H. Olds, PLLC
Adam Kitz
Adam
Kitz
Ramsden Marfice Ealy & De Smet LLP
Brian G Isaacson
Brian G.
Isaacson
Washington Elder Law PLLC
Ryan L Montgomery
Ryan L.
Montgomery
Montgomery Purdue PLLC
Duffy G Romnor
Duffy G.
Romnor
Stokes Lawrence, P.S.
Speaker bio
Julie H Olds

Julie H. Olds

Law Office of Julie H. Olds, PLLC
Julie Olds

is a solo practitioner in Spokane, Washington, at the Law Office of Julie H. Olds, PLLC. Her practice areas include wills, trusts, probate, elder law, corporate and not for profit law. Ms. Olds is a member of the Washington State Bar Association and the Spokane Estate Planning Counsel. She has a LL.M. degree in taxation from the University of Florida School of Law.

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Speaker bio
Adam Kitz

Adam Kitz

Ramsden Marfice Ealy & De Smet LLP
Adam Kitz

is an attorney with Gravis Law out of its Spokane office. His broad-based estate planning practice is focused on estate tax planning and dispute avoidance. Mr. Kitz specializes in estate planning, trust and estate administration, dispute resolution among beneficiaries, and helping families move on after the loss of a loved one. In his day-to-day practice, he prepares estate planning documents including wills, powers of attorney, physician's directives, irrevocable life insurance trusts, revocable living trusts, gifting documents, and other mechanisms to minimize exposure to state and federal estate tax. He earned his B.A. degree from Western Washington University and his J.D. degree from Gonzaga University School of Law.

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Speaker bio
Brian G Isaacson

Brian G. Isaacson

Washington Elder Law PLLC
Brian Isaacson

is a sole practitioner in Seattle at the Isaacson Law Firm. He is a member of the Academy of Attorney-CPAs, whose practice focuses on estate and trust tax planning and controversy, and Medicaid benefits planning. Mr. Isaacson is the co-author of a handbook titled, Protect Your IRA, Avoid the 5 Common Mistakes. He earned his B.A. degree from St. Martin's College, his J.D. degree from Seattle University School of Law and his LL.M. degree in taxation, from the University of Denver.

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Speaker bio
Ryan L Montgomery

Ryan L. Montgomery

Montgomery Purdue PLLC
Ryan Montgomery

is an attorney with Montgomery Purdue PLLC. He focuses on trust and estate planning, wealth transfer planning, business succession planning, and trust and estate administration. Mr. Montgomery counsels clients regarding all types of property status agreements, including prenuptial and postnuptial agreements. He also has extensive experience assisting business owners with implementing non-qualified deferred compensation arrangements under Internal Revenue Code Section 409A. Mr. Montgomery's estate planning practice includes an emphasis on effectively utilizing estate and gift tax exemptions and exclusions through the use of family entities (for example, Limited Liability Companies), irrevocable lifetime gift trusts, Grantor Retained Annuity Trusts (GRATS), life insurance planning, multiple generation planning, and retirement account beneficiary planning. He earned his J.D. degree from University of Washington School of Law.

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Speaker bio
Duffy G Romnor

Duffy G. Romnor

Stokes Lawrence, P.S.
Duffy Romnor

is an attorney with Stokes Lawrence, P.S. She helps clients navigate all aspects of civil litigation, including complex discovery, motions practice, trials, appeals, mediation and arbitration. Ms. Romnor's diverse civil litigation practice includes employment matters, contract disputes, trusts and estates. She earned her B.A. degree from Western Washington University, Fairhaven College and her J.D. degree from University of Washington School of Law.

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