Estate Administration CLE
Estate Administration: Final Accounting Do’s and Don’ts

$145.00

Clear

Live Webcast/Rebroadcast – You watch the course online at the specified date and time shown below. You can ask questions and receive answers during the course.

On-Demand – You watch the course anytime and will have access to the course 24/7. Our On-Demand courses are available within 5-10 business days after the original recording and accessible for one year.

Course Description

Live Webcast – November 30, 2020

  • 7:00-9:15am PT / 8:00-10:15am MT / 9:00-11:15am CT / 10:00-12:15pm ET

Main Course Summary:
This course will provide a detailed guide to an estate administration from the time the law office is contacted about a death to the filing of the final federal income tax return for the estate and the closing of the estate with the court.  The course will cover inventory, accounting, tax returns, and even insolvency issues that could arise during the administration of the estate.

Ethics Summary:

This course will examine different real scenarios that have arisen during 20 years of estate administration and the ethical concerns that have arisen. Who is the client? What happens when the beneficiary and the personal representative have conflicting motives? What happens when conflict arises and the PR and the beneficiary are the same person? What happens when the surviving spouse is not the named PR in the will? Who do you truly represent in the administration? What duty due you owe to unrepresented beneficiaries? From whom do you collect your  legal fees?  We will discuss and navigate these situations to help avoid problems and reporting to the board.

Attorney Tab BurkhalterTab Burkhalter
Tab is dual licensed by the State of Tennessee as an Attorney and CPA. Since 2002, Tab has concentrated his area of work in Tax, Trusts, Wills and Estates. Tab is the managing partner of Burkhalter and Burkhalter (Law Firm) and Burkhalter & Associates (CPA Firm). He has served as special master for Chancery Court for Accounting and Estate Administration issues, as well as court appointed personal representative and conservator. Tab has been selected as an expert witness on appellate cases for Accounting and Valuation issues. Alongside his extensive career history, he has also been invited as a guest speaker on National Syndicated Podcasts, as well as being interviewed by local and national media in regard to the effects on the 2017 Tax Law changes and the impact it had on the business and non-profit communities.

Contact Tab Burkhalter

1 General + 1 Ethics Credit

ProLawCLE will seek approval of any CLE program where the registering attorney is primarily licensed with exceptions stated below. Application is made at the time an attorney registers for a course, therefore approval may not be received at the time of broadcasting.

ProLawCLE does not seek approval in the state of Virginia.

Each state has its own governing rules and regulations with regards to CLE courses and formats, therefore please contact your state MCLE regulatory entity for further details about your state's rules. Please visit our State Requirements page for information regarding your state's CLE requirements and/or contact information for your state bar.

As stated in our Reciprocity Provision, ProLawCLE will grant credit in the following states through reciprocity, therefore direct application will not be made in these states:

AK, AR, AZ, CT, DE, DC, FL, HI, MA, MD, ME, MI, MO, ND, NH, NJ, NM, NY, SD, PR.

The following states are self apply. The attorney can apply for credit at no cost. We will provide documentation for them to apply:

CO, IA, NE

OH Attorneys please note: OH Supreme Court will not approve any course that was aired more than 12 months prior.

SC Attorneys please note: Registration must occur no later than 5 business days from the event date or course accreditation is not guaranteed.

ProLawCLE is dedicated to providing quality education from expert speakers and ensuring each attorney receives CLE credit for their participation. If for some reason a particular course does not receive approval in the attorney's primary state of licensure, ProLawCLE will give credit for a future approved course or give a full refund, if applicable.

Each On-Demand course is available to you for 1 year from date of purchase. Additionally, CLE credit is only available within that year.

Read our full Reciprocity Provision here

List of Main Topics:

1)      Immediate Concerns After Death

2)      Who is your client?

3)      What is the importance of having an engagement letter

4)      Probate of Will (types of probate – common aspects of all probate procedures)

5)      Differences Between Common and Solemn Form

6)      Is probate administration necessary

7)      Small Estate Administration in Tennessee

8)      Qualification as a Small Estate

9)      Probate Process

10)   Opening of Estate Administration

11)   Administering the Estate – the First Sixty Days

12)   Administering the Estate – Taxes, Valuation and Assets

13)   Closing the Estate Administration

14)   Handling Personal Property of Decedent

15)   Handling Real Estate in the Estate

16)   Administration of non-probate assets

17)   IRS Filing Requirements

18)   Federal Form 1040 – Final Personal Income Tax Return

19)   Federal Form 1041 – Yearly Income Tax Return for the Estate

20)   Federal – Form 706 – Federal Inheritance Tax Return

21)   Federal – Form 709 – Federal Gift Tax Return

22)   State – Inc -250 – Hall Income Tax, Final for Decedent

23)   State – Inc – 250 – Hall Income Tax, Yearly for Estate

24)   State – Tennessee Inheritance Tax Return

25)   State – INH-300 – Tennessee Gift Tax Return

26)   Handling Claims and Creditors

ETHICS TOPICS:
1) Rules of Professional and Ethical Conduct with Estate Planning and Estate Administration

2) Profession Conduct and recognition of responsibilities to the client, the public and colleagues.