Description:

Estate and trust administration is a growing part of a CPA’s practice. The CPA should understand the process and implications of estate and trust administration. This course focuses on the CPA’s role as a key member of the administration team.

Objectives:

To provide an overview and guide to the CPA’s role in estate administration

Major Topics:

• Estate settlement issues
• Collection and accounting of assets
• Determining the legitimacy of debts and creditors
• Payment of creditors
• Distribution issues
• Probate issues
• Will contests
• Inventory of assets
• Fiduciary duties
• Rights of creditors, third parties, and beneficiaries
• Federal estate tax issues
• State death tax issues
• Ancillary estate administration issues
• Fiduciary accounting issues
• Special issues regarding trusts

Who Should Attend:

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers

Prerequisite:

None

Advanced preparation:

None