Probate: Beyond the Basics Training Class

Course ID: 9447

Probate: Beyond the Basics Training Seminar

Solve Problems and Settle Estates Efficiently

If you're like most probate practitioners, you've experienced first-hand some of the unique issues that crop up during the administration of medium to small estates. But it's vital you know all of the problems to expect and how to tackle them as they arise so you can settle estates efficiently - without legal backlash.

At this intermediate level seminar, you'll gain practical and proven strategies that may have taken you years to learn on your own. Protect your clients and your practice from legal landmines with an update on crucial state and federal legislation. Efficiently take inventory and determine the value of assets so the estate is accurately appraised for future beneficiaries. Ably handle complex closings and taxation issues to minimize the chances that the estate will lose value due to a procedural error. Overcome common challenges in probate administration, ensure ethical practices and master litigation issues in probate proceedings.

Prepare to tackle your next estate with sharper skill and greater confidence.

Keep your advice current with an update on the latest legislation and case law.
Easily value unusual inventory items from art collections to tax shelters.
Protect the estate by adhering to mandatory filing deadlines.
Learn about ancillary administration.
Find out about settlements and compromises in probate litigation.


	Agenda
	"MUST KNOW" LEGISLATION CHANGES AND COURT RULINGS John W. Longnaker III, 8:30 - 9:30 State and Federal Legislation Update Important Lessons to Be Learned from Recent Court Cases Be Prepared to Deal With Emerging Trends in Probate Litigation STREAMLINE INVENTORY-TAKING AND VALUATION James W. Curtis, Jr., 9:30 - 10:30 and 10:45 - 11:00 Life Insurance Proceeds: Who's Entitled to What Spot Trouble Areas When Planning for Distribution from Qualified Plans Proven Strategies for Fairly Appraising Art and Collectables Often-Overlooked Factors that Affect the Value of Business Enterprises Tax Shelters - Why Assessing Their Value Is So Tricky The Successful Valuation of Oil, Gas and Other Mineral Interests Overcome the Most Troubling Valuation Problems of an Estate Steps to Preparing the Inventory and Appraisal IMPROVE EFFICIENCY AND AVOID LIABILITY IN CLOSING James O. Anderson Jr., 11:00 - 12:00 Simplify Reports, Accounting and Distributions Compensating and Discharging the Representative and Attorney Red Flags When Preparing the Final Year Income Tax Return Know Requirements and Deadlines When Filing Federal and State Tax Returns SOLVE EVERYDAY CHALLENGES IN PROBATE ADMINISTRATION James O. Anderson Jr., 1:00 - 2:15 & 2:30 - 3:00 What to Consider Before Appointing an Administrator What the Courts Say About Determining the Continuation of Decedent's Business The Special Circumstance of Simultaneous Death - Proceed With Caution Do's and Don'ts When Petitioning the Court for Instructions Ancillary Administration When the Estate Involves a "Missing Person"... Critical Steps to Follow Replacing a Representative During the Administration Process ESTABLISH AND FOLLOW ETHICAL BEST PRACTICES John W. Longnaker III, 3:00 - 3:30 Your Responsibility in Avoiding Conflicts of Interest Privileged vs. Non-Privileged Communications: Know the Difference Guidelines for Setting Fair Attorneys' Fees Observing Standards for Practice When Representing Clients Before the IRS MASTER LITIGATION ISSUES IN PROBATE PROCEEDINGS Suzanne E. Katt, 3:30 - 4:40 Who Can Contest a Will? Under What Conditions? Contesting Trust Provision Power of Attorney Statutory Changes Affecting Litigation Contested Fiduciary Appointments and Fiduciary Removal Non-Probate Transfer Litigation The Procedure for Admitting a Lost Will to Probate Settlements and Compromises in Probate Litigation The New Will Depository Law


	Audience
	This intermediate level course is primarily for attorneys. However, accountants, trust officers, legal assistants and others who want to expand their knowledge of the probate process and increase their effectiveness and efficiency may also find this program beneficial.