THE INSTITUTE FOR WILLS AND ESTATE EDUCATION

ESTATE ADMINISTRATION - Part 1

  

Professionalism Issues at the Outset (40 mins)

Releasing the Original Will

    Renunciation/Acceptance of Appointment

      Retainer Agreement

        Conflict of interest issues

          Legal Fees vs Executor Compensation


          Initial Steps (40 mins)

          Review of the Will/ SLRA

          Disclosure to Beneficiaries

          Funeral and Burial issues

          Initial Memo to Client (Precedent provided)

          Safeguarding assets

          Searching for the Will

          Unusual assets requiring immediate steps (e.g. pets)

          Guardianship of Minors

            Probate (40 Mins)

              When Required?

                Administering without Probate

                                                     i.    Dealing with financial institutions

                                                         ii.    Transferring Land – 1st dealing exception

                                                        iii.    Dealing with other assets

                Applying for Certificate of Appointment

                1.                                           i.    Overview of the New Forms/New Rules

                                                           ii.    Multiple Wills Situations

                                                          iii.    Helpful Tips

                                                         iv.    Unusual circumstances

                                                          v.    Bonding Issues

                                                         vi.    Payment of Estate Administration Tax Deposit

                                                        vii.    Intestate Applications

                   

                Interim Matters (30 Mins) 

                Estate Information Return

                Dealing with Debts

                Claims against Estates

                Reporting to Clients

                Reporting to Beneficiaries

                Professional and Practice Issues (20 Minutes)

                Advising clients on Estate Administration Issues

                Fees

                Acting as an estate trustee- Law Society issues

                 Questions and Answer Period (10 mins)