Trusts and Estates Administration Strategies to Avoid Future Issues

Welcome to myCPE

Reviewed

February, 2024

Learning Objectives

To demonstrate an understanding of the potential implications of trusts and estates issues.
To describe the real-life examples and the easy-to-spot strategies that would have changed the outcome from disastrous to successful.
To demonstrate an understanding of the timeline and process of estate administration.
To identify the steps professionals can take to guide clients in the avoidance of potential issues in the future.

Course Description

This course is valid up to December 31st, 2024 for CIMA, CPWA, and RMA Professionals. It is advisable to complete this course before that to process the credit on time.

Protecting a client’s assets begins with proper planning and ends with a well-executed estate. Trusts play an important role in the distribution and protection of assets; in maintaining confidentiality, and in protecting beneficiaries who need longer-term oversight and guidance. Trusts and the corresponding estate plans are only successful when they are written and funded. As trusted advisors, understanding the process of trust and estate administration will help you guide your clients to make certain their wishes are followed, without undue surprises or delays.

This CPE Session is designed to provide practical guidance for strategies to help in the successful administration of clients’ trusts and estates. We will explore missed opportunities for successful administration in real-life examples and then look at several easy-to-implement strategies to avoid similar problems for your clients in the future.

Key topics covered in this course:

Understanding of potential implications from trusts and estates issues
Real-life examples and the easy-to-spot strategies that would have changed the outcome from disastrous to successful
Understanding of the timeline and process of estate administration
Steps professionals can take to guide clients to avoid potential issues in the future

Whether you are a financial or an accounting professional, this 1-hour program will inform and instruct you regarding successful trusts and estates administration.

This CPE Virtual Session by Ilene Slatko, a serial entrepreneur who currently coaches clients working through the long tail of administrative and financial tasks involved in the estate and divorce process. She spent over 30 years in the financial industry and has long been a resource for financial and accounting professionals.

Overview

Wills and Trusts

8 mins
Deathbed, online, Holographic, and Nuncupative Wills

14 mins
Common elements of a trust

21 mins
What is probate?

26 mins
Settling final bills and costs

33 mins
Cases: Doris duke

38 mins
Practice suggestions

52 mins
Guiding clients

56 mins

Webinar Qualifies For

1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
1 General Credit of Finance for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Personal Financial Planning for Personal Financial Specialist (PFS)
1 PL Credit of Finance for Chartered Financial Analyst (CFA)
1 CE Credit of Financial Planning for Chartered Financial Consultant (ChFC)
1 CE Credit of Financial Planning for Certified Senior Advisor (CSA)
1 CPD Credit for Trust and Estate Practitioners (TEP)
1 CE Credit of Financial Planning for Certified Wealth Strategist (CWS)
1 CE Credit of Finance for Retirement Income Certified Professional (RICP)
1 CE Credit of Financial Planning for Certified Fiduciary and Investment Risk Specialist (CFIRS)
1 CE Credit of Financial Planning for Financial Services Certified Professional (FSCP)
1 CE Credit of Finance for Wealth Management Certified Professional (WMCP)
1 CE Credit of Finance for Certified Investment Management Analyst (CIMA) (Approval No. 23MYCPE043)
1 CE Credit of Finance for Certified Private Wealth Advisor (CPWA) (Approval No. 23MYCPE043)
1 CE Credit of Financial Planning for Chartered Advisor in Senior Living (CASL)
1 CPE Credit of Finance for Iowa Licensed Public Accountant (IA-LPA)
1 PL Credit of Finance for CIPM
1 CE Credit of Finance for Retirement Management Advisor (RMA) (Approval No. 23MYCPE043)
1 CPE Credit of Finance for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Finance for Delaware Licensed Public Accountant (DE-LPA)
1 CE Credit of Financial Planning for Chartered Special Needs Consultant (ChSNC)

About Instructor

Ilene Slatko

Principal, DSS Consulting

For the past 35 years Ilene has provided financial literacy and investment education for individual clients to enhance their understanding of money, finances, and investments; and to organizations with a particular emphasis on retirement planning. She has worked for notable Washington, DC area investment companies in management and in building organizational depth in financial education.

Ms. Slatko has significant experience in the areas of leadership development, team development, career development, executive coaching and talent management. She has expertise in designing learning solutions – virtual instructor-led training and instructor-led -- to meet the unique challenges of clients. She was a key provider of executive and employee education for The Southland Corporation, U.S. Mapping, Century 21, and ERA Real Estate. She has worked with executives and leaders in the areas of communication, selling, client management, leadership development, and team development.

Ms. Slatko has extensive experience in Federal retirement programs and training federal employees. When the previous retirement system was replaced by FERS, Ilene was at the forefront of presentations to educate affected employees in their choices. She has been a trainer for retirement presentations at agencies throughout the DC area,

She has been a speaker at conferences including the Army Materiel Command Women’s Financial Day, Delaware Women’s Conference, and numerous youth financial literacy programs. Ms. Slatko is currently the host of a weekly Roku and Apple TV show called, The *It Show, the first financial program designed specifically for young women. In addition, she has been the Director of Training for companies in the financial and real estate fields.

Ilene is an alumna of Marietta College where she studied Drama, Speech, and English.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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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.

Ratings and Review

4.6

Excellent

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Lindsay Bierman, CPA Student

Course contained some useful general knowledge regarding trust and estate planning.

Daniel Kurtz, CPA (US)

Interesting course that covered a lot of the basics that I was not aware of!

Tom Klaus, CPA (US)

very knowledgeable Instructor

Suzanne Nicholie, CPA (US)

Very good!

Richard Bartlett, CPA (US)

This is my first my first CPE course since I purchased a subscription. It was a bit awkward going through the process at first. At the end I had trouble getting to the exam. I also never found the slides for this course.