NV Specific

Trusts, Estates & Probate

4.5

Nevada Estate Administration From Start to Finish

Credits Available
Credit Status Total
Nevada CLE Approved 6.5 Total
Washington CLE Approved 6.75 Total
OnDemand
6 hours 38 minutes
Richard Schulze
Elyse Tyrell
Anthony Barney
Cassandra Walsh
With Richard P. Schulze from Schulze Law Group + 3 others
Recorded June 27, 2024.
Product ID 98397

Buy This Course

Course Includes
$389

OnDemand Video

Course Book Download

or
Upgrade to Unlimited CLE and Get This Course
$129/month
All Inclusive CLE subscribers save an average of $3,000/year on CLE costs.

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

  1. Commencement of Proceedings and Information Gathering
  2. Initial Steps to the Estate Administration Process
  3. Marshalling Assets
  4. Handling Creditor Claims and Debt
  5. Complex Issues in Estate Administration
  6. Handling Estate Administration Tax Issues
  7. Distribution and Closing of the Estate
  8. Ethics and Estate Administration

Related Topics

Product ID 98397

Credit Details

Credits Available
Credit Status Total
Nevada CLE Approved 6.5 Total
Washington CLE Approved 6.75 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Commencement of Proceedings and Information Gathering

    1. Appointment of Estate Administration
      1. Formal vs. Informal Proceedings
      2. Sample Letters of Authority
    2. First Meeting With Family or Designated Personal Representative and Determination of Heirs
    3. Written Fee Agreements
    4. Tips to Locate Information Quickly Using Online and Government Resources
    5. Dealing with Multiple States

  2. Initial Steps to the Estate Administration Process

    1. Understanding the Laws of Intestacy
    2. Sample Estate Administration Checklists, Forms and Required Notices Needed
    3. Interpreting Provisions and Terms of Art Found in Wills
    4. Using Disclaimers Correctly

  3. Marshalling Assets

    1. Procedures to Locating and Marshalling Probate and Non-Probate Assets
      1. Safe Deposit Boxes and Bank Accounts
      2. Real Estate
      3. Brokerage Accounts, 401Ks, IRAs, Pensions and Life Insurance Policies
    2. Sample Forms and Documents Needed
    3. Appraisers and Valuing the Property of Probate Estates

  4. Handling Creditor Claims and Debt

    1. Sample Forms and Required Notices Needed
    2. Priority and Payment of Claims
    3. Late Claims and Contested Claims
    4. Steps to Ensure all Debt is Located and Handled Correctly
      1. What if the Assets Don't Cover the Bills?
      2. Bankruptcy and Foreclosure
    5. Selling of Assets and Properly Dealing with Creditors

  5. Complex Issues in Estate Administration

    1. Jointly Held Assets
    2. Spousal Claims
      1. Allowances and Elections Against the Will
    3. Handling Unmarried Couples and Stepchildren
    4. Will Contests, Trust and Estate Disputes
    5. Business Ownership
    6. Agency Problems Involving Guardianships, Conservatorships, Powers of Attorney or Other Agency Relationships

  6. Handling Estate Administration Tax Issues

    1. Examples of Forms Needed
    2. Federal and State Estate Tax Considerations
    3. Income Tax Issues for the Estate and the Heirs
    4. Resolving Disputes With Taxing Authorities
    5. Deductions and Exemptions
    6. How the Generation-Skipping Transfer Tax Affects Your Clients
    7. Tax Deadlines and Handling Extensions
    8. Sales of Real Property

  7. Distribution and Closing of the Estate

    1. Sample Forms, Agreements and Documents Needed
    2. Proper Transferring and Distribution of Probate and Non-Probate Assets and Timing of Distributions
      1. Real Estate
      2. 401Ks, IRAs, Pensions and Life Insurance Policies
      3. Distribution of Miscellaneous Assets (Automobiles, Jewelry, Etc.)
    3. Distributions in Kind
    4. Distribution to Minors, Surviving Spouse and Trusts
    5. Disposition of Unclaimed Assets
    6. Proper Settlement of the Estate
      1. Formal and Informal Estate Accountings
      2. Choosing the Appropriate Closing Procedure
      3. Compensation and Discharge of the Personal Representative

  8. Ethics and Estate Administration

    1. Breach of Fiduciary Responsibility
    2. Avoiding Conflicts of Interest
    3. Attorney-Client Privilege
    4. 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
  • Trust Officers

Speakers

Richard P Schulze
Richard P.
Schulze
Schulze Law Group
Elyse M Tyrell
Elyse M.
Tyrell
Tyrell Law, PLLC
Anthony L Barney
Anthony L.
Barney
Cassandra J Walsh
Cassandra J.
Walsh
Woodburn and Wedge
Speaker bio
Richard P Schulze

Richard P. Schulze

Schulze Law Group
Richard Schulze

is the owner of Schulze Law Group and principal shareholder in Patriot Legal Services. His law practice emphasizes wills, trusts, and asset preservation planning, as well as elder law. Mr. Schulze is highly skilled in assisting clients in qualifying for and receiving Medicaid and the Veterans' aid and attendance benefits. He is a frequent lecturer to the public and professionals on estate, Medicaid, asset protection, and tax planning matters. Mr. Schulze is a member of the National Academy of Elder Law Attorneys and WealthCounsel, LLC. He is also a member of the American Bar Association and the State Bar of Nevada. Mr. Schulze earned his B.A. degree from Reed College and his J.D. degree from Willamette University College of Law.

View full profile
Speaker bio
Elyse M Tyrell

Elyse M. Tyrell

Tyrell Law, PLLC
Elyse Tyrell

is the founding member of Tyrell Law, PLLC, where her practice is devoted to elder law, estate planning, tax law, probate and guardianship law. She is a member of the Clark County Bar Association, Elder Law Section of the State Bar of Nevada, and National Academy of Elder Law Attorneys. Ms. Tyrell is a certified elder law attorney by the National Elder Law Foundation. She is a frequent speaker for National Business Institute and has lectured on estate planning and elder law for the Housing Authority of the City of Las Vegas, the Community College of Southern Nevada, and various seminar groups. Ms. Tyrell earned her B.A. degree from the University of Nevada at Reno, her J.D. degree from Gonzaga University School of Law, and her LL.M. degree from the University of San Diego School of Law.

View full profile
Speaker bio
Anthony L Barney

Anthony L. Barney

Anthony 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.

View full profile
Speaker bio
Cassandra J Walsh

Cassandra J. Walsh

Woodburn and Wedge
Cassandra Walsh

is an attorney with Woodburn and Wedge, practicing primarily in the areas of estate planning, estate and trust administration, probate, business, and corporate law. She earned her Bachelor of Science in finance and business management, University of Nevada; and her Juris Doctor (cum laude), certified in taxation Law, New England Law. Ms. Walsh is a member of the Estate Planning Counsel of Northern Nevada, serves as the Secretary of the Planned Giving Roundtable of Northern Nevada, and is a member of the Northern Nevada Women Lawyers Association, Probate Bar Association of Washoe County and Washoe County Bar Association.

View full profile
Loading recommendations...

TOP FAQs

How do I access my courses?
Courses are available within your account. Simply login to your account and click on My Courses. If you require additional assistance please call our Customer Service Department at 800-930-6182.
Do you have options for attendees who are deaf or hard of hearing?
Closed captioning is available for all Live Webinars. After you've joined the event room, you can enable closed captioning by clicking the "cc" button in the lower right of the player.
What happens if my course is cancelled?
In the unlikely event that NBI cancels or reschedules an upcoming program, each registered attendee will be contacted via email by a representative of NBI. Outreach to attendees begins as soon as NBI is made aware that a program will not move forward at its originally scheduled date and time.
Are multiple attendee discounts available?
Yes, the more people you bring from your organization, the more you save. After the first registration, each additional attendee receives a special discount off of their total tuition.
When will the OnDemand be available and how long will I have access to the content?
The OnDemand Video will be available to stream within 7 days of live broadcast date. You will have access to the content for 6 months in your account. If you’re a subscriber, you’ll have access to your course recordings until 7 days after the expiration date of the subscription.
What is included with my course purchase?
When you enroll prior to the live event date you will receive access to the live-streaming webinar which will allow you to interact with faculty in real-time. With each course, you will receive access to the content via OnDemand Streaming and the Video Download. Course reference materials are included with each course purchase in a downloadable PDF format.
Will I receive a certificate of completion?
Yes, we'll email you a certificate of completion and store in your account for any future reporting needs.
Can multiple people watch courses and request credit?
While only paid registrants can receive continuing education credit for attending, there are no limitations to the number of viewers at each connection.

Have more questions? Please Contact Us