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Estate Administration: Navigating Jointly Held Assets, Spousal Claims, Closely-Held Businesses, and Other Key Issues

A live 90-minute CLE video webinar with interactive Q&A

This program is included with the Strafford CLE Pass. Click for more information.
This program is included with the Strafford All-Access Pass. Click for more information.

Friday, October 11, 2024 (Today)

1:00pm-2:30pm EDT, 10:00am-11:30am PDT

(Alert: Event date has changed from 8/27/2024!)

or call 1-800-926-7926

This CLE course will guide estates counsel, trustees, and administrators on critical challenges in estate administration. The panel will discuss legal challenges and considerations in defending against or disputing distributions and accounting of assets, handling jointly held assets, spousal claims, issues for unmarried couples, sale of assets and other related issues, and best practices for counsel, trustees, and administrators.

Description

The administration of an estate can be complicated with a multitude of items to consider by executors and trustees such as tax issues, administrating decedent's interests in businesses, and management and protection of assets. Fiduciaries must navigate complex rules and procedures in defending against or disputing claims in the administration of an estate.

Generally, the administration 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 resulting in claims from beneficiaries and creditors. In addition, challenges involving the handling of jointly held assets and issues for unmarried couples add another layer of complexity that must be carefully managed.

Estate counsel must understand a variety of legal and procedural challenges to properly account for any potential issues in estate administration and avoid liability for fiduciaries and beneficiaries.

Listen as our panel discusses the common pitfalls in estate administration, taking control of assets, notice and presentation of claims against an estate, techniques in defending against or disputing distributions and accounting of assets, and best practices to avoid litigation.

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Outline

  1. Common pitfalls to avoid in estate administration
  2. Settling assets and debts
    1. Jointly held assets
    2. Unmarried couples
  3. Potential challenges and disputes
    1. Claims period, notice, and presentation against the estate
    2. Spousal claims
    3. Stepchildren
    4. Distributions
  4. Role of court and legal counsel
  5. Applicable laws and regulations
  6. Best practices for counsel

Benefits

The panel will discuss these and other key issues:

  • What are the most common pitfalls to avoid in estate administration?
  • What assets are subject to claims from creditors?
  • What is the role of the court and legal counsel in estate administration?
  • What are the key issues in settling assets and debts?
  • How do you handle disputes or challenges from beneficiaries and creditors?
  • How do you handle jointly held assets and issues for unmarried couples?
  • What are the applicable federal and state laws that must be considered?

Faculty

Balioni, Christopher
Christopher Balioni, Esq.

Attorney
Hanlon Niemann & Wright

Mr. Balioni is a senior litigation member of Hanlon, Niemann & Wright, P.C. where his practice includes business,...  |  Read More

Tomlin, Nicole
Nicole C. Tomlin, Esq.

Partner
Hanlon Niemann & Wright

Ms. Tomlin is a partner at Hanlon Niemann & Wright, P.C. She focuses her practice on estate planning and estate...  |  Read More

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You may pre-order a recording to listen at your convenience. Recordings are available 48 hours after the webinar. Strafford will process CLE credit for one person on each recording. All formats include course handouts.

To find out which recorded format will provide the best CLE option, select your state:

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