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 will provide a comprensive overview of the estate administration process and the alternative roles the CPA might have in that process. The course will also provide insight to the relationship between estate administration and estate planning. Having an understanding of what happens after death will better equip the participant in how to advise a client in planning for death.
Learning Objectives
To provide an overview and guide to the CPA's role in estate administration.
Major Topics
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