Course ID: ASDE

Assisting the Survivors: CPA’s Role in the Decedent’s Estate

CPAs are comfortable dealing with one of the two certain things in life, but are not necessarily so ready to deal with other certainty aside from taxes- death. When a client dies, the CPA is most often placed in the position of assisting the survivors handle all of the various issues of the decedent’s estate. This course looks at the various roles and issues a CPA will need to understand in assisting the survivors following a death.


LEARNING OBJECTIVES
  • Counsel survivors regarding issues arising following the decedent’s passing
  • Handle issues involved with dealing with trusts arising from the estate
  • Handle estate/trust accounting under the applicable principal and income act
  • Deal with post death estate tax issues, including portability, disclaimers and estate tax returns
  • Recognizing state income tax issues arising from an estate and related trusts
  • Understanding the exposures a CPA faces when advising survivors

MAJOR TOPICS
  • The Key Players in a Decedent’s Estate
  • Steps and Issues in the Probate of the Estate.
  • Administrative Trusts (The Post-Death Revocable Living Trust).
  • Testamentary Trusts (Definition, Funding Issues, Etc.).
  • Estate Accounting – A State’s Uniform Principal and Income Act.
  • Estate Tax Returns (Federal and State). I
  • Income Taxation of a Decedents’ Estate
  • State Complications of Estates – Jurisdiction and Taxation.
  • CPAs Duties and Exposures in Estate Engagements

DESIGNED FOR
CPAs in public practice and those assisting with decedents' estates

FIELD OF STUDY
Taxes

PREREQUISITES
NONE

COURSE PRODUCER
Nichols Patrick CPE, Inc

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available for your group as:

Group Live
 

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