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Basic Estate Administration For CPAs & Financial Advisors

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • CFA
  • EA
  • ORTP
  • CPA/PFS
  • TEP
  • ChFC
  • CSA
  • Maryland Tax Preparer
  • ERPA
  • FSCP
  • CASL
  • ChSNC
  • RICP
  • WMCP
  • CIPM
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • CPA Estate Administration Checklist
    1 mins
  • Help Identify Assets which Require Valuation
    14 mins
  • Line 12: Itemized Deduction
    30 mins
  • Legal Principles & Definitions
    42 mins
  • Qualified Terminal Interest Trust (QTIP)
    56 mins
  • Statute of Limitations
    77 mins

Course Description

When a person dies, all of his or her possessions – real estate, money, stocks, personal belongings, etc become a part of his or her estate. Estate administration refers to the process of collecting and managing the estate, paying any debts and taxes, and distributing the remaining property to the heirs of the estate. The heirs of an estate are determined by will, and if there isn't a will, by the intestacy (which means dying without a will) laws of each state. This online CPE course on Estate Administration Basics provides information on how to administer an estate, what being an executor means, and what happens to a person's debts after his or her death.

Some CPAs & Financial Advisor’s might focus on estate administration; however, many more will come across this work with a client. This online continuing professional educational course provides an overview regarding how you can help to administer an estate. It includes a checklist of tasks and an overview of what each entail. The online CPE course includes minor points such as what information you’ll need to collect and when to get an EIN.

This CPE webinar includes substantial discussion of the following major topics:

  • Legal Principles and Definitions
  • Developing an Inventory and Estate Accounting(s)
  • Allocating Income between Form 1040 and Form 1041
  • Filing your client’s final Form 1040
  • The basics of filing a Form 1041 for an estate or non-grantor trust
  • Filing a final Form 709
  • The basics of filing Form 706
  • Understanding 706 Elections
  • Understanding Estate Valuations including GST and Portability
  • Special Considerations for IRAs and ERISA Plans
  • When to make Section 454 Elections
  • When to make Section 754 Elections
  • Understanding the fine points of basis
  • S-Corp Issues
  • Partnership and LLC considerations
  • Passive Loss Carry forwards and Estates
  • Fiscal Year Elections
  • 65 Day Election for Trusts and Estates
  • Tax Aspects of Pecuniary and Specific Bequests

Most CPAs avoid estate administration like the plague. Robert Keebler's webinar is the vaccine & cure to those fears. As a CPA who does estate administration, your practice value will just increase exponentially!

Learning Objectives

  • To identify best practices for working closely with legal counsel
  • To list main property law concepts
  • To identify complex community property issues
  • To determine best methods for filing special forms: SS-4, form 56, form 4810, form 5495
  • To describe an executor checklist

Recommended For

This Online Continuing Education webinar is IRS Approved and is recommended for CPAs, EAs, Tax Preparers, TEP, CSA, and PFS who wants to help their clients in better management of finances

Who Should Attend?

  • Annual Filing Season Program
  • Bookkeepers & Accountants & Tax Preparers
  • California Registered Tax Professional
  • Certified Public Accountant (CPA)
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Personal Financial Specialist (PFS)
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros

Course Qualification

Webinar Qualifies For

  • 2 CE Credit of Federal tax-related matters for Enrolled Agents (EA) (Approval No. GEHNZ-T-00617-21-S)
  • 2 CPE Credit of Taxes for Chartered Special Needs Consultant (ChSNC)
  • 2 CPE Credit of Taxes for Chartered Financial Consultant (ChFC)
  • 2 CPE Credit of Taxes for Chartered Advisor in Senior Living (CASL)
  • 2 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 2 CPE Credit of Taxes for Financial Services Certified Professional (FSCP)
  • 2 CPD Credit of Taxes for Personal Financial Specialist (PFS)
  • 2 CPE Credit of Taxes for Retirement Income Certified Professional (RICP)
  • 2 CPD Credit for Trust and Estate Practitioners (TEP)
  • 2 CPE Credit of Taxes for Wealth Management Certified Professional (WMCP)
  • 2 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 2 CE Credit of Federal tax-related matters for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00617-21-S)
  • 2 CE Credit of Federal tax-related matters for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00617-21-S)
  • 2 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 2 CE Credit for Certified Wealth Strategist (CWS)
  • 2 General Credit of Taxes for Accountant/Bookkeeper/Tax Professionals
  • 2 PL Credit of Taxes for Chartered Financial Analyst (CFA)
  • 2 CE Credit of Financial aspects of estate and retirement planning for Certified Senior Advisor (CSA)
  • 2 PL Credit of Taxes for Certificate In Investment Performance Measurement (CIPM)
  • 2 CE Credit of Qualified Retirement Plan Matters for Enrolled Retirement Plan Agent (Approval No. GEHNZ-Q-01068-22-S)
  • 2 CE Credit of Federal tax-related matters for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0589)

Additional details

  • Course Level :
    Basic
  • Credits :
    2
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Robert Keebler, CPA (US), CGMA, CPA/PFS, AEP

Partner, Keebler & Associates LLP

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and the current chairman of the AICPA Advanced Estate Planning Conference. In 2007 he was inducted into the Estate Planning Hall of Fame of National Association of Estate Planners & Councils. He has also been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. His practice includes family wealth transfer and preservation planning, charitable giving, retirement distribution planning, and estate administration. Mr. Keebler frequently represents clients before the National Office of the Internal Revenue Service (IRS) in the private letter ruling process and in estate, gift and income tax examinations and appeals, and he has received more than 200 favorable private letter rulings including several key rulings of “first impression”. He is the author of over 100 articles and columns and is the editor, author or co-author of many books and treatises on wealth transfer and taxation. Mr. Keebler has been a speaker at national estate planning and tax seminars for over 20 years including the AICPA’s: Estate Planning, High Income, Advanced Financial Planning Conferences, ABA Conferences, NAPEC Conferences, The Notre Dame Estate Planning Conference and the Heckerling Estate Planning Institute.


About Company

Keebler & Associates LLP

www.keeblerandassociates.com

At Keebler & Associates, we are nationally recognized tax professionals in family wealth transfer, estates and retirement distribution planning. We provide tax and estate planning to high net worth individuals and families and educate financial, tax and estate professionals on cutting edge tax strategies.

Faq

FAQs content

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