Performing the Settlement of an Estate (ESSB)

Customer Rating

Rated 5 out of 5

Field of Study
Taxes

Level
Basic

Credits
2

Qualifies For
IRS CPE

Price: $ 19.99

This course discusses the legal issues in probating and contesting a will, plus the practical issues involved when settling an estate – marshaling of assets, payment of creditors, and distribution and accounting to beneficiaries. Inventory of estate assets is also discussed.

Additional information

year	2022
version	01
Credits	2
Company Code	Self Study
Format	On Demand
Yellow Book Approved	0
CFP Approved	0
IRS Approved	1
CTEC Approved	0
Field of Study Credits	Taxes (2)
Field of Study Department	Taxes
Course Version	2022-01
CPE Approved	1

Pre-requistes:

None

Knowledge Level:

Basic

Major Topics:

Steps to take immediately upon the death of the decedent and the importance of inventorying the estate assets
Process of estate administration, including the basics of creating the estate, the role of the executor, and how to probate a will
Utilizing family settlement agreements
Problems associated with the distribution of estate assets

Learning Objectives:

State the problems and pitfalls associated with the distribution of estate assets
Know what to do when faced with legacies of solvent and insolvent estates
Describe the process of estate administration, including the basics of creating the estate
Identify the steps to take immediately upon the death of the decedent

Designed For:

CPAs who wish to assist in settlement of an estate, regardless of size