Estate Administration Process - The Tax Practitioner's Guide

Author: Arthur Joseph Werner

CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Estate and trust administration is a growing part of a CPA's practice. The CPA should understand the process and implications of estate and trust administration.

This course focuses on the CPA's role as a key member of the administration team.

Publication Date: December 2015

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

Topics Covered

  • Estate settlement issues
  • Collection and accounting of assets
  • Determining the legitimacy of debts and creditors
  • Payment of creditors
  • Distribution issues
  • Probate issues
  • Will contests
  • Inventory of assets
  • Fiduciary duties
  • Rights of creditors, third parties, and beneficiaries
  • Federal estate tax issues
  • State death tax issues
  • Ancillary estate administration issues
  • Fiduciary accounting issues
  • Special issues regarding trusts

Learning Objectives

  • Define the CPA's role in estate administration
  • Identify course of action when a person dies without a will
  • Recognize the person appointed by the course system to be responsible for the administration of an estate
  • Define a bequest and beneficiary bequest
  • Identify proper statements regarding clauses on wills
  • Recognize administration duties of an estate
  • Differentiate statements regarding personal and estate liabilities
  • Identify which individuals are responsible for drafting a last will and testament and filing the document to the probate court
  • Identify the legal paperwork the court provides an Executor of an estate which allows him to perform the estate's administration duties
  • Evaluate the requests an executor can proceed with
  • Recognize the definition of the clause in a will that directs the inheritance benefits of an estate that remain after all taxes, bequests, debts, claims, and expenses are paid
  • Differentiate the legal tasks best left for the attorney of the estate to complete
  • Identify the functions that a tax practitioner might undertake
  • Recognize the federal form which names the personal representative of an estate or trust and defines the period of time the individual has the liability
  • Define the expenses that is not a deductible administration cost
  • Illustrate a checklist of final steps involved in an estate administration


Instructional Method

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

Registration Options

Regular Fee$49

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