Trusts, Estates & Probate

4.12

A Deeper Dive into Probate: Insolvent Estates

Credits Available
Credit Status Total
Alaska CLE Approved 3 Total
Alabama CLE Approved 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Colorado CLE Approved 4 Total
Connecticut CLE Approved 3 Total
Delaware CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Idaho CLE Approved 3 Total
Illinois CLE Approved 3 Total
Maine CLE Approved 3 Total
Minnesota CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Montana CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Oklahoma CLE Approved 3.5 Total
Oregon CLE Upon Request 3 Total
Pennsylvania CLE Approved 3 Total
South Carolina CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Utah CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
OnDemand
2 hours 58 minutes
Elizabeth Johnson
Stephen Montgomery
Jennifer McInerney
With Elizabeth H. Johnson from SPENCE | BRIERLEY, PC + 2 others
Recorded November 07, 2024
Product ID 99370

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Overview

Exemptions and Allowances, Secured Creditor Claims, and Top Disputes

Surprise! The estate you're advising on is insolvent. Whether it's previously undiscovered bills or a drastic drop in probate assets' value, this happens more than you'd imagine. Don't get caught unprepared! Get a practical rundown of critical rules, issues, and procedures for settling insolvent estates quickly and effectively: from inventory and valuation questions to creditor disputes and petition for discharge. Hone your skills - register today!

  • Tailor your approach to the size of the estate and explore key factors to consider.
  • Review sample calculations that demonstrate how secured and unsecured claims are treated.
  • Work through top disputes that are likely to arise when there's not enough money to cover all the claims.
  • Explore executor and beneficiary personal liability limits and vulnerabilities.

Abbreviated Agenda

  1. Is the Estate Insolvent? What's Available to Creditors?
  2. Creditor Rights in Insolvent Estates
  3. Disputes and Remedies
  4. Petition for Discharge, Court Supervision

Related Topics

Product ID 99370

Credit Details

Credits Available
Credit Status Total
Alaska CLE Approved 3 Total
Alabama CLE Approved 3 Total
Arkansas CLE Approved 3 Total
Arizona CLE Approved 3 Total
California CLE Approved 3 Total
Colorado CLE Approved 4 Total
Connecticut CLE Approved 3 Total
Delaware CLE Approved 3 Total
Florida CLE Approved 3.5 Total
Georgia CLE Approved 3 Total
Hawaii CLE Approved 3 Total
Idaho CLE Approved 3 Total
Illinois CLE Approved 3 Total
Maine CLE Approved 3 Total
Minnesota CLE Approved 3 Total
Missouri CLE Approved 3.6 Total
Northern Mariana Islands CLE Approved 3 Total
Montana CLE Approved 3 Total
North Dakota CLE Approved 3 Total
Nebraska CLE Approved 3 Total
New Hampshire CLE Approved 3 Total
New Mexico CLE Approved 3 Total
Nevada CLE Approved 3 Total
New York CLE Approved 3.5 Total
Oklahoma CLE Approved 3.5 Total
Oregon CLE Upon Request 3 Total
Pennsylvania CLE Approved 3 Total
South Carolina CLE Approved 3 Total
Tennessee CLE Approved 3 Total
Utah CLE Approved 3 Total
Vermont CLE Approved 3 Total
Washington CLE Approved 3 Total
Wisconsin CLE Approved 3.5 Total
West Virginia CLE Approved 3.6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Is the Estate Insolvent? What's Available to Creditors?

    1. When and How Do You Discover Insolvency? Urgent First Steps
    2. Inventory and Appraisal
    3. Exemptions and Allowances
    4. Estate Expenses vs. Claims
    5. Small vs. Large Insolvent Estates

  2. Creditor Rights in Insolvent Estates

    1. Barred Claims
    2. Secured Claims and Government Liens
    3. Unsecured Claims Classification
    4. Case Studies and Sample Calculations

  3. Disputes and Remedies

    1. Fraudulent Property Transfers by Debtors
    2. Premature Distributions of Estate Assets
    3. Failure to Notify Creditors
    4. Disallowed, Partially Rejected Claims
    5. Late Creditor Claims
    6. Personal Representative and Distributee Liability

  4. Petition for Discharge, Court Supervision

Who Should Attend

This legal guide is designed for attorneys. It will also benefit accountants, personal representatives, trustees, and paralegals.

Speakers

Elizabeth H Johnson
Elizabeth H.
Johnson
SPENCE | BRIERLEY, PC
Stephen M Montgomery
Stephen M.
Montgomery
Dickinson Wright PLLC
Jennifer M McInerney
Jennifer M.
McInerney
McInerney Law
Speaker bio
Elizabeth H Johnson

Elizabeth H. Johnson

SPENCE | BRIERLEY, PC
Elizabeth Johnson

is a senior associate with SPENCE | BRIERLEY, PC, where she focuses on the areas of estate, trust, and fiduciary litigation, as well as estate administration, and probate law. She is a member of Baltimore County Bar Association, Anne Arundel Bar Association, Maryland State Bar Association, as well as Association of Certified Fraud Examiners, International Association of Document Examiners, Anne Arundel Estate Planning Counsel, and Baltimore County Provider Council (professional community dedicated to improving lives of older adults). Ms. Johnson earned both her B.A. and J.D. degrees from the University of Illinois. She is admitted to practice in the state of Maryland.

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Speaker bio
Stephen M Montgomery

Stephen M. Montgomery

Dickinson Wright PLLC
Stephen Montgomery

is of counsel with Dickinson Wright PLLC, where he practices in the areas of commercial transactions, bankruptcy, commercial real estate, estate planning and probate, and civil litigation. He represents businesses with entity formation, contract drafting, purchasing and selling assets and ownership interests, and resolving business dispute. Mr. Montgomery earned his B.S. degree, summa cum laude, from Vanderbilt University; and his J.D. degree from Vanderbilt University School of Law. He also holds his Mini MBA Program certificate from Belmont University. Mr. Montgomery is a member of the American Bar Association, Tennessee Bar Association, Nashville Bar Association, and the Alzheimer's Association, Mid-South Chapter. He is admitted to practice in Tennessee and before the Sixth Circuit Court of Appeals, United States Tax Court, and all Tennessee state and federal courts.

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Speaker bio
Jennifer M McInerney

Jennifer M. McInerney

McInerney Law
Jennifer McInerney

is an attorney with McInerney Law, where her practice is focused in estate planning, primarily for families with special needs children. She is licensed to practice in Alabama and Mississippi. Ms. McInerney is the founding member and co-president of the Board of Directors of Special Siblings, which provides support for children with special needs siblings. She currently serves as the president of the Board of Directors of the Jefferson County Intellectual and Developmental Disability Authority. Ms. McInerney is a member of the Board of Directors for Down Syndrome Alabama, Shelby Humane Society, and 25:35. She earned her B.A. degree, magna cum laude, as well as her M.A. degree, summa cum laude, from the University of Alabama at Birmingham. Ms. McInerney earned her J.D. degree from Indiana University School of Law and her LL.M. degree in taxation from Washington University in St. Louis.

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