How to Settle a Client’s Estate

8:30 am–4:15 pm ET

# of CPE Credits



Federal estate and gift taxes currently affect few clients, but there are many other issues involved in settling an estate or administering a trust. Clients who are beneficiaries of a trust or estate often turn to their financial advisors to understand the administrative process and its effect on their interests. This course enables the accountant to cut through the jargon to understand the legal concepts, communicate a real-world explanation to clients, and serve, in some instances, as an advisor to them. After taking this course, practitioners will feel more confident to serve in a fiduciary capacity. Updated for developments relative to estate taxation.


* Understand how creditors’ claims impact a beneficiary’s claims * Understand the key provisions in a will or trust * Understand the duties of an executor or trustee in relation to beneficiaries and other third parties * Identify trusts, wills, and other documents encountered, and their uses * Understand the stages of an estate administration, including costs, collections, payment of debts/taxes, and distribution to beneficiaries * Be aware of the duties a fiduciary and members of the estate-planning team owe to creditors, beneficiaries, and the courts


* Issues involved when settling an estate: marshaling of assets, payment of creditors, and distribution and accounting to beneficiaries * Explaining the needs and limitations of durable powers of attorney, health care directives, and living wills * Why a will is probated, and on what grounds it may be challenged * Comprehensive checklists on how to read a will, duties of an executor and trustee, and much more * Identification and report of estate assets * What to do and what not to do as a fiduciary, executor, or trustee: duty of care, investment, informing, payment of debts and taxes, and defending a will contest * How executors and trustees interact with beneficiaries * Elective shares, and when a spouse might make that choice * What a trustee needs to know about incompetents and minors * Rights of creditors, third parties, and beneficiaries * Key issues in transferring property to a trust and from a trust or estate to a beneficiary * Identifying income, estate, and inheritance taxes * Fiduciary accounting: principal and income concepts * An introduction to drafting an account, and why it is relevant * Administration of revocable trusts * Estate basis reporting

Who Should Attend

CPAs who wish to assist in settlement of an estate, regardless of size

Required Knowledge


Advanced Prep


Event Speaker(s)

Dennis Riley ( ),

Additional Event Information

Technical Support
Contact NCACPA if you need assistance with your online program. For the quickest results, email the Online Learning Team at [email protected], and a team member will contact you shortly.

If you need assistance with internet access issues, browser capability, or when the NCACPA office is closed* please call Freestone Technical Support at 866-702-3278 or by email at [email protected] .

*NCACPA office hours are 9:00 am–5:00 pm ET. Online Learning Team members will be available via email 30 minutes prior to the start of a live online program.

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Also Available As

Monday, December 5, 2022 (8:30 am–4:15 pm ET) , Morrisville
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Event Vendor:Surgent McCoy CPE, LLC
Field of Study:Taxes
Level: Basic
Other:CFP Approved

Event Type:Webcast
NASBA Instructional Method:Group Internet Based
Event Code:W0024422

Registration Fees

RegistrationEarly BirdRegular
NCACPA MemberN/A$260.00
CPE Sponsors LogoThe North Carolina Association of Certified Public Accountants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org/.

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