[WEB] Estate Administration Essentials

Description

LINK AND INSTRUCTIONS TO COME FROM HSCPA ONE DAY PRIOR TO SESSION

This course covers the practical and procedural aspects of administering a decedent's estate. Participants will explore topics such as inventory assets, managing liabilities, distributing estate property, and addressing legal and fiduciary responsibilities. It prepares financial professionals to handle estate administration with confidence and professionalism.  

Highlights

• Asset Inventory and Valuation
• Liability Management
• Property Distribution
• Fiduciary and Executor Duties
• Estate Tax Implications
• Qualified Plans and IRAs
• Legal Procedures for Closing an Estate

Objectives

At the end of this course, you will be able to:

• Identify the steps involved in administering an estate.
• Recognize key considerations in inventorying estate assets.
• Describe strategies for managing estate liabilities.
• Discuss the process of distributing estate property to heirs.
• Explain the responsibilities of fiduciaries and executors.
• Apply the best practices for managing qualified plans and IRAs during administration.
• Analyze the implications of estate taxes on administration.
• Outline the legal procedures for closing an estate.

Designed For

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