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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Estate Planning

Date & Time
  • event Date

    Tuesday, June 4, 2024

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$147.00

This CLE webinar will provide attorneys foundational knowledge and practicum guidance for the estate administration process. The panel will discuss steps in the probate process, creditor notices, taking inventory of assets, distributions, asset valuations, and other critical items that must be considered.

Faculty

Callaway LaShay
Shareholder
Callaway Law Group, LLC

Principal & Managing Partner at Callaway Law Group, LLC

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Description

The administration and probate of an estate can be complicated with a multitude of items to consider by attorneys such as settling assets and debts, valuation issues, and handling challenges from creditors and beneficiaries. Attorneys must understand the estate administration and probate processes and nuances in applicable federal and state law in order to handle the administration and probate of an estate.

Generally, the administration and probate of an estate after an individual's death requires the fiduciary to address certain issues and follow specific procedures to distribute the decedent's assets. This process can involve complications stemming from the marshaling, valuation, sale, and distribution of assets which may result in claims from beneficiaries and creditors. Estate counsel must understand a variety of legal and procedural challenges to properly account for any potential issues in estate administration and probate and avoid liability for fiduciaries and beneficiaries.

Listen as our panel discusses the steps in the estate administration and probate process, creditor notices, taking inventory of assets, asset valuations, distributions, and other critical items that must be considered.

Outline

  1. Overview and purposes of probate
  2. Step-by-step of probate process and pitfalls to avoid
  3. Settling assets and debts
  4. Potential challenges and disputes
  5. Role of court and legal counsel
  6. Applicable laws and regulations
  7. Best practices for counsel

Benefits

The panel will discuss these and other key issues:

  • What are the step-by-step processes involved in a probate?
  • What is the role of the court and legal counsel in estate administration and probate?
  • What are the key issues and pitfalls to avoid in settling assets and debts?
  • How do you handle disputes or challenges from beneficiaries and creditors?
  • What are the applicable federal and state laws that must be considered?