Asset-Based Guide to Probate - Probate Law Seminar
Confidently Administer Decedents’ Assets in Probate
Administering an estate requires impeccable attention to detail, a firm grasp of probate court procedures and a deep understanding of how assets are held, moved and taxed. This detailed guide will help you prepare for any eventuality when probating an estate. Hone your craft - register today!
Walk through the probate procedure and get a firm timeline of events.
Learn what assets are excluded from probate and how to maximize the use of these exceptions.
Get detailed instructions for handling all forms of real estate ownership in probate.
Find new ways of maximizing spousal share deductions.
Find out what to do with property that cannot be sold.
Adapt new post-mortem planning techniques.
Analyze each element of an effective final accounting to prevent reopening estates.
Clearly identify your client with real-life scenarios, and stay firmly within legal ethics bounds.
THE PROBATE PROCESS 9:00 -9:50, James Bart Leonardi
Alternatives to Full Probate
Small Estates Affidavit
Refusal of Letters
Determination of Descent
Formal Probate Procedure
The Initial Filing
Notices to Beneficiaries and Creditors
The Role of the Estate Representative
Who Can Be an Executor?
Duties, Powers and Liability
Proving and Challenging the Will
ESTATE ASSETS 9:50 - 10:50, Amy L. Papesh
Determining Title to Assets
Taking Possession of Assets and Accessing Decedent's Accounts
Management for the Duration of Proceedings
Business Interests: When are Business Interests NOT Part of the Estate?
Post-Death Governance of Business Owned by Decedent
Post-Mortem Transfer Planning
Tax Options and Compliance
Creditor Claims and Medicaid Estate Recovery
NON-PROBATE ASSETS 11:05 - 12:00, Amy L. Papesh
Determining the Spouse's Elective Share
Assets Held Jointly or as Tenants in Common/TODs
Beneficiary Designation Accounts
Retirement Accounts (401(K), IRAs)
What Happens if the Beneficiary Dies Before the Grantor, and There's No Secondary Beneficiary? TOD/POD Accounts
How Non-Probate Assets Can End Up in Probate and What to Do About It
Tax Planning and Reporting
REAL ESTATE IN PROBATE 1:00 - 1:30, Mark C. Pirozzi
Who Can Convey Title to Real Estate?
Executing Simple Deed Transfers
Sale of Real Property in Probate
Valuation - Handling Drastic Changes in Value
Management of Property during Probate Proceedings
Real Property Held in a Trust (QPRT or Other)
UNIQUE ASSETS 1:30 - 2:00, Mark C. Pirozzi
Specific Valuation Considerations
Taxation of Unique Assets
Property that Cannot Be Sold
ETHICS 2:00 - 3:00, James Bart Leonardi
Who is Your Client? Dealing with All Interested Parties
Conflicts of Interest
Privileged vs. Non-Privileged Communications
PROPERTY IN OTHER STATES - ANCILLARY PROBATE 3:15 - 3:40, Michele K. Keith
FINAL ACCOUNTING AND TAX RETURNS - CLOSING THE ESTATE 3:40 - 4:30, Michele K. Keith