The Ultimate Guide to Probate

August 08, 2016

Monday, August 8, 2016
8:30 a.m. to 4:40 p.m.

Holiday Inn Mobile Downtown/Historic District
301 Government Street
Mobile, AL 36602

Meegan Colclough, an associate in Phelps Dunbar's Mobile, Alabama business group, will serve on a panel presentation hosted by the National Business Institute on Monday, August 8 to discuss:

Tax Deadlines and Preparing, Coordinating and Filing Returns

  1. Selection of the Tax Year
  2. When to File Form 1041/Estate Income Tax Return
  3. Portability: Should You File Form 706?
  4. Allocating Items that are Deductible on the 1041/Final 1040/706
  5. Passive Activity Losses and Basis Adjustments
  6. Reporting of Transfers on Schedule G and Life Interests

Beneficiary Distributions, Final Account and Closing of the Estate

  1. Partial Distributions, Disclaimers and Divestment Traps
  2. Mitigating Distribution-Related Tax Consequences
  3. Recovering Assets in the Hands of Others
  4. Settling Disputes with Beneficiaries
  5. Covering Your Assets: Getting Receipts Signed
  6. Classification of Expenses on the Final Account
  7. Balancing the Final Account: Common Mistakes
  8. Extending, Closing and Re-Opening an Estate

This basic-to-intermediate level seminar is designed to give attorneys and in-house counsel not only an understanding of the step-by-step probate process, but also with a hard-won knowledge for managing issues regarding executors, creditor claims, inventory/accounting, beneficiary distributions and closing the estate.

Click here to register or for more information.