This course will provide valuable information to those who find themselves appointed as executor, administrator, or personal representative of an estate, or as a trustee of a trust. It provides a roadmap for completing the task in the most efficient way possible. You will find advice on what to do, and what not to do, as you acquire, manage, and dispose of assets that belong to the estate or trust you are administering. Trust and estate administration covers a lot of ground and can be very complex. This course is divided into the following four sections and will define many terms and types of trusts along the way to try to simplify the process: (1) Getting Started with Estate and Trust Administration; (2) Administering an Estate; (3) Operating a Revocable or Irrevocable Trust; and (4) Paying the Taxes. PLEASE NOTE: Not accepted for Enrolled Agents. All course material provided. No prerequisites. Course level: Basic.
PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.