Estate Administration Process: A Practitioner’s Guide (Completed)

Date: Tuesday, October 4, 2022
Instructor: Klaralee R. Charlton
Begin Time:  9:00am Pacific Time
10:00am Mountain Time
11:00am Central Time
12:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC
2 hours General Principles of Financial Planning for CFP

Learn what to expect when you or a client loses a loved one and takes on the responsibility of administering the estate. This course will review the types of estates, typical deadlines, and common assets clients will encounter during the administration process.

This course will specifically focus on tax elections and IRS forms related to the taxpayer’s death and is recommended for practitioners working with families after the death of a loved one. This course pairs well with Form 1041 Basics for a thorough overview of both the administration process and the tax filing obligations.

Who Should Attend
Attorneys, CPAs, and Enrolled Agents.

Topics Covered

  • Types of Estates and Typical Deadlines
  • Common Assets and Issues Related to Claiming Assets
  • Final Income Tax Return Preparation
  • Estate and Trust Income Tax Filing Obligations
  • Tax Forms, Basic Elections, and Potential Personal Liability to the Executor

Learning Objectives

  • Recognize how to advise clients on tax reporting obligations for a decedent and the estate and how to correspond with the IRS on behalf of a decedent
  • Differentiate between the types of estates and common deadlines associated with a decedent's estate
  • Recognize how to analyze the assets of the estate and identify proper techniques for claiming assets depending on titling and tax consequences
  • Identify the importance of properly administering an estate in light of potential transferred tax liability to the executor


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

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