This course discusses the legal issues in probating and contesting a will, plus the practical issues involved when settling an estate – marshaling of assets, payment of creditors, and distribution and accounting to beneficiaries. Inventory of estate assets is also discussed.
Learning Objectives
- Describe the process of estate administration, including the basics of creating the estate
- Identify the steps to take immediately upon the death of the decedent
- State the problems and pitfalls associated with the distribution of estate assets
- Know what to do when faced with legacies of solvent and insolvent estates
Major Topics
- Process of estate administration, including the basics of creating the estate, the role of the executor, and how to probate a will
- Steps to take immediately upon the death of the decedent and the importance of inventorying the estate assets
- Problems associated with the distribution of estate assets
- Utilizing family settlement agreements
