Final Accounting and Estate Wrap-Up: A Practical Paralegals' Guide
Credits Available
| Credit | Status | Total |
|---|---|---|
| California MCLE Paralegal |
|
6 Total |
| Delaware Certified Paralegal Program |
|
6 Total |
| Florida Registered Paralegal |
|
6 Total |
| Indiana Paralegal CLE |
|
6 Total |
| NALA |
|
6 Total |
| Montana CLE Credit for Paralegals |
|
6 Total |
| North Carolina Continuing Paralegal Education |
|
6 Total |
| New Mexico Paralegal Division, State Bar of |
|
6 Total |
| Ohio Certified Paralegals |
|
6 Total |
| NFPA |
|
6 Total |
| Texas State Bar of Paralegal Division |
|
6 Total |
| Washington Paralegal Association |
|
6 Total |
Wed, Aug 19, 00:00 AM – 00:00 PM
Wed, Aug 19, 00:00 AM – 00:00 PM
Register For Course
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OnDemand Recording
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or
Overview
Reduce Errors and Improve Your Daily Workflows
Organizing and keeping track of all the documents and transactions for estate accounts is a monumental task that probate paralegals accomplish daily. This practical guide will help you reduce rework and second-guessing when balancing and wrapping up each account. Get focused guidance from experienced faculty on speeding up the process, building consistency, spotting issues, and ensuring accuracy. Build your skills - register today!
- Review what must be included in the final accounting.
- Fine-tune the way you organize and maintain estate documents.
- Discover mistakes that will throw off your final account balance.
- Identify inefficiencies in your process and refine your approaches.
Abbreviated Agenda
- Questions to Ask Before You Begin: Getting Ready for the Final Accounting
- Structuring and Maintaining the Final Account Template
- Determining the Starting Asset Values
- Documenting Changes in Estate Value and Asset Composition
- Balancing the Account (Hint: Don't Expect Your Account to Balance on the First Try)
- Preparing the Documents for Court Submission and Petition for Final Distribution
- Critical Post-Approval Tasks
- Managing Complexity, Roadblocks, and Conflict
- Legal Ethics Considerations
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We will notify you when the ondemand recording is available.
Credit Details
Credits Available
| Credit | Status | Total |
|---|---|---|
| California MCLE Paralegal |
|
6 Total |
| Delaware Certified Paralegal Program |
|
6 Total |
| Florida Registered Paralegal |
|
6 Total |
| Indiana Paralegal CLE |
|
6 Total |
| NALA |
|
6 Total |
| Montana CLE Credit for Paralegals |
|
6 Total |
| North Carolina Continuing Paralegal Education |
|
6 Total |
| New Mexico Paralegal Division, State Bar of |
|
6 Total |
| Ohio Certified Paralegals |
|
6 Total |
| NFPA |
|
6 Total |
| Texas State Bar of Paralegal Division |
|
6 Total |
| Washington Paralegal Association |
|
6 Total |
Select Jurisdiction
Paralegal
Agenda
-
Questions to Ask Before You Begin: Getting Ready for the Final Accounting
- Is There a Will?
- Who's Holding/Managing the Estate Funds?
- What Is the Creditor's Claim Period?
- Does the Executor Expect to Be Compensated?
- Is an Accounting Necessary?
- How Much Time to Allocate for Completing the Final Accounting
-
Structuring and Maintaining the Final Account Template
- Ensuring Your Forms Comply With the Local Court's Required Format
- Is There an Accurate Estate Inventory?
- Locating Missing Records
- How to Store and Organize Supporting Documents
- Labeling and Organizing All the Receipts and Third-Party Statements
-
Determining the Starting Asset Values
-
Documenting Changes in Estate Value and Asset Composition
- Recognizing Value Gain and Interest Earned
- Income and Dividends on the Estate Assets
- Proof of Creditor/Tax Clearance
- Expenses and Disbursements
- Loss and Depreciation
- Recording Sale of Assets
- Beneficiary Advances
-
Balancing the Account (Hint: Don't Expect Your Account to Balance on the First Try)
- Organizing the "Second Set of Eyes" Review Workflow
- Commonly Missed and Misclassified Items to Watch For
- Duplicate Entries
- Principal vs. Income Allocation Problems
- Bank and Account Reconciliation Issues
- Timing and Opening Balance Mistakes
-
Preparing the Documents for Court Submission and Petition for Final Distribution
-
Critical Post-Approval Tasks
- Executing Asset Transfers
- Closing Letters and Client Communication
- Closing the Case File Properly: Mistakes to Avoid
- File Retention Rules and Tips
-
Managing Complexity, Roadblocks, and Conflict
- Handling Objections to the Accounting
- Contested Fees
- Executor Liability Concerns
- Reassessing Your Go-to Tech Tools
- Multi-State Issues
-
Legal Ethics Considerations
- UPL Risks in Estate Administration
- Guarding Confidentiality and Data Security
- Client Communication
Who Should Attend
This intermediate level course is designed to teach attendees to properly organize final accounts in estate administration. Those who should attend include:
- Paralegals
- Legal Technicians
- Legal Assistants
- Legal Support Staff
Speakers
Speaker bio
Brianna R. Keller
is an attorney with Rhoades McKee. She is an estate planning and probate litigation attorney. Ms. Keller prepares wills, navigates tax issues, establishes guardianships and conservatorship, and implements powers of attorney. She earned her B.A. degree, cum laude, from Loyola University Chicago and her J.D. degree, cum laude, from Michigan State University College of Law.
Speaker bio
Sam Thomas, III
is an attorney with Sam Thomas III Esquire & Associates. He has practiced for 28 years in the areas of probate, foreclosure prevention, tax resolution, and debt relief. Currently, Mr. Thomas's practice focuses on estate planning. He earned his B.A. degree from Cleveland State University, his M.S. degree from Indiana University and his J.D. degree from Cleveland Marshall College of Law.
Speaker bio
Glenn C. Nunes
is a solo practitioner. He handles civil and probate matters in all phases of litigation. Mr. Nunes earned his B.A. degree from the University of California, Davis where he graduated with Highest Honors and Phi Beta Kappa and his J.D. degree from the University of Virginia School of Law. He is admitted to practice law in California.
Speaker bio
Jean Rabinow
is a sole proprietor at McMillan & Rabinow, where she practices probate and elder law, and prepares wills and related documents. Ms. Rabinow earned her bachelor's degree from Knox College in Galesburg and her J.D. degree from Yale Law School. She is admitted to practice law in Connecticut.
Top FAQs
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