NJ Specific

Trusts, Estates & Probate

4.62

New Jersey Probate and Trust Administration

Credits Available
Credit Status Total
New Jersey CLE Approved 8 Total
New York CLE Approved 8 Total
Pennsylvania CLE Approved 6.5 Total
OnDemand
6 hours 39 minutes
Daniel Jurkovic
Kaitlin Hackett
Nicholas Keller
Daniel Makoski
Thomas Begley
With Daniel J. Jurkovic from Daniel J. Jurkovic Attorney + 4 others
Recorded September 12, 2024
Product ID 98816

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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

Related Topics

Product ID 98816

Credit Details

Credits Available
Credit Status Total
New Jersey CLE Approved 8 Total
New York CLE Approved 8 Total
Pennsylvania CLE Approved 6.5 Total
Select Jurisdiction
CLE

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 and Their Purpose
    2. Jurisdiction
    3. Duties and Powers of the Trustee
    4. Valuation of Assets
    5. Funding a Trust
    6. Communication with Beneficiaries
    7. Amending and Modifying the Trust
    8. Trust Administration Checklist
    9. Sample Forms and Documents

  7. Accounting/Distributions in Trust Administration

    1. Notices of Proposed Actions
    2. Uniform Principal and Income Act
    3. Trust Provisions Concerning Distributions
    4. Managing, Selling and Distributing Property and Assets
    5. Investing Assets
    6. Distinctions Between Trust Fiduciary Accounting and Income Tax Accounting
    7. Determining Trustee Fees
    8. Communication with Creditors
    9. Distribution to Beneficiaries
    10. 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 online 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

Daniel J Jurkovic
Daniel J.
Jurkovic
Daniel J. Jurkovic Attorney
Kaitlin Hackett
Kaitlin
Hackett
Porzio, Bromberg & Newman, P.C.
Nicholas Keller
Nicholas
Keller
McCarter & English, LLP
Daniel Makoski
Daniel
Makoski
Porzio, Bromberg & Newman, P.C.
Thomas D Begley III
Thomas D.
Begley, III
Thomas D. Begley III, LLC
Speaker bio
Daniel J Jurkovic

Daniel J. Jurkovic

Daniel J. Jurkovic Attorney
Daniel Jurkovic

is a solo practitioner located in Rutherford, New Jersey, whose practice is concentrated in the areas of elder law, guardianship, disability planning, and estate planning. He has been granted the title of certified elder law attorney by the National Elder Law Foundation. This certification has been approved by the New Jersey Supreme Court and accredited by the American Bar Association. Recently, Mr. Jurkovic represented the Guardianship Association of New Jersey, Inc. (GANJI) and the National Academy of Elder Law Attorneys-N.J. (NAELA-NJ) as amicus parties before the New Jersey Supreme Court in the matter of Thomas Saccone v. Board of Trustees, Police and Fireman's Retirement System; and previously served as lead attorney on the amicus curiae brief submitted to the New Jersey Supreme Court in the matter of In Re Keri. Mr. Jurkovic earned his B.S.B.A. degree from Thomas Edison State College; his M.S. degree in labor relations from Cornell University and Baruch College; and his J.D. degree and a certificate in health law policy from Pace University School of Law.

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Speaker bio
Kaitlin Hackett

Kaitlin Hackett

Porzio, Bromberg & Newman, P.C.
Kaitlin Hackett

is an associate at Porzio, Bromberg & Newman, P.C. She concentrates her practice on estate planning, estate administration, and guardianship matters. Ms. Hackett assists clients with tax planning, disputes, and estate administration matters. She served as a judicial law clerk to the Honorable Timothy W. Chell, PJ.Cv., in the Superior Court of New Jersey, Gloucester/Cumberland/Salem County vicinage. Ms. Hackett earned her bachelor's degree from Stockton University with a double major in psychology and political science, her J.D. degree from Rutgers Law School. While attending Rutgers, she served as editor in chief of the Rutgers Journal of Law and Public Policy and as a teaching assistant for the estate planning classes.

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Speaker bio
Nicholas Keller

Nicholas Keller

McCarter & English, LLP
Nicholas Keller

is an attorney with McCarter & English, LLP. His practice centers around trusts, tax, and estates law. Prior to joining the firm, Mr. Keller held clerkships with the Honorable Peter E. Doyne, Assignment Judge, Bergen County; and the Honorable John C. Kennedy, Appellate Division. He earned his B.A. degree from Lafayette College and his J.D. degree from Seton Hall University School of Law. Mr. Keller is a member of the American Bar Association, Bergen County Bar Association, New Jersey State Bar Association, and New York State Bar Association. He is licensed to practice in New Jersey and New York. He is recognized by The Best Lawyers in America, Ones to Watch, Tax Law, New Jersey, 2021–2024.

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Speaker bio
Daniel Makoski

Daniel Makoski

Porzio, Bromberg & Newman, P.C.
Daniel Makoski

is counsel to Porzio, Bromberg & Newman, P.C., and a member of the firm's wealth preservation group. His primary areas of concentration are tax planning, tax controversy, transactional business matters, wills, trusts and estate planning. Mr. Makoski has extensive experience advising clients on personal income tax matters, including tax-efficient methods of acquiring and distributing assets, negotiating with tax authorities to minimize or eliminate tax deficiencies, appearing in the U.S. Tax Court, and handling IRS appeals. He has also drafted many estate plans, living wills, health care proxies, and powers of attorney. In addition, Mr. Makoski has significant expertise counseling business clients on business formation, mergers and acquisitions, restructuring, governance, and dissolution. He earned his B.A. degree from Ramapo College of New Jersey; his J.D. degree from Widener University Delaware School of Law; and his LL.M degree in taxation from New York Law School.

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Speaker bio
Thomas D Begley III

Thomas D. Begley, III

Thomas D. Begley III, LLC
Thomas Begley

is the president of Thomas D. Begley, III, LLC, where he concentrates his practice in the areas of estate and tax planning, estate administration, small business representation, elder law, and probate litigation. Mr. Begley is a certified elder law attorney (CELA) as accredited by the National Elder Law Foundation. He is an accomplished author and lecturer. Mr. Begley is a member of the New Jersey State Bar Association (former director of the Elder Law Section) and the Burlington County Bar Association (former chair of the Estate Planning and Probate Committee). He is admitted to practice in New Jersey and Pennsylvania. Mr. Begley earned his B.A. degree from Georgetown University College of Arts and Sciences and his J.D. degree from Georgetown University Law Center.

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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.
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