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Florida Rules on Closing the Estate and Filing the Final Tax Return

Learn steps to properly administer the closing of a probate estate and tax return.

Many estate administration professionals are able to prepare the opening pleadings and documents and know how to take the beginning steps to commence administration; however, many find that closing the estate can be a daunting process; they are left with unresolved issues and are not sure of the next steps. Estates are open far longer than necessary or are administratively closed before the professional can help the fiduciary conclude administration and be properly discharged. This topic helps the persons responsible for closing the estate to understand what steps need to be taken in order to have the fiduciary discharged from further liability to the estate. This material will provide practical guidance on navigating the closing process and ensuring that all tax returns are timely filed. This content provides critical information for estate administration professionals that will allow them to move forward with closing estates and filing final estate tax returns with ease and confidence.

Runtime: 87 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Tax Returns

  • Income Tax Returns- Forms 1040/1041
  • Estate Tax Returns-Form 706
  • Gift Tax Return- Form 709
  • Business Returns-Form 1065/Form 1120
  • Other Issues

Closing the Court Proceedings

  • Payment of Debts, Expenses and Taxes
    • Receipts and Reimbursements
    • Proof of Same
  • Distribution of Probate Assets
  • Resolution of Outstanding Issues
    • Litigation
    • Valuation
    • Fiduciary Misconduct
    • Newly Discovered Assets
  • Accounting
  • Local Rules

Completing the Matter

  • Ongoing Administration
  • Ensuring Payment of All Professionals
  • Dealing With Non-Probate Assets
  • Accounting
  • Disclosure to Appropriate Parties
  • Obtaining Releases/Discharges for Fiduciaries
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on April 25, 2018.

Call 1-866-352-9540 for further credit information.

  • FL CLE 2.0 including Tax 2; Wills, Trusts, and Estates 2
     
  • This course has been approved by The Florida Bar for 2.0 hours of CLE credit. This course has been approved by The Florida Bar Certification Plan in the areas of Tax for 2.00 hours and Wills, Trusts, and Estates for 2.00 hours. Course classification: Intermediate level.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • FL CLE 2.0 including Tax 2; Wills, Trusts, and Estates 2
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • FL CLE 2.0
     

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Tereina Stidd

Tereina Stidd

Cole Schotz P.C.

  • Attorney with Cole Schotz P.C.
  • Concentrates practice in the area of estate planning, probate and trust administration, probate litigation and tax
  • Co-author of the chapter, ”Homestead,” in Basic Estate Planning in Florida, 6th, 7th and 8th ed. published by the Florida Bar
  • Contributor to Estate, Gift, Trust and Fiduciary Tax Returns Planning and Preparation published by Thomson Reuters
  • Recognized many years as a Super Lawyers Florida Rising Star
  • Spoken on various estate planning, retirement assets, homestead and probate matters
  • Licensed to practice law in both Florida and North Carolina
  • J.D. degree, the Claude W. Petit College of Law at Ohio Northern University; LL.M. degree in taxation, the University of Miami School of Law; B.A. degree in political science, cum laude, St. Bonaventure University
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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  • MP3 Downloads
  • Course Manuals
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  • Sponsored Live Webinars

Additional benefits include:

  • State Specific Credit Tracker
  • Members Only Newsletter
  • All-Access Pass Course Concierge

* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 400169
Published 2018
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