North Carolina Forum Meeting Agenda

Friday, March 27, 2020
8:00 AM
Doors Open
8:15 AM - 9:00 AM
Registration, Continental Breakfast, Networking
9:00 AM - 10:00 AM
Decedent Estate Administration in North Carolina
This program will use a case study to illustrate when Small Estate Administration, Spousal Year’s Allowance, and full Probate Estate Administration are necessary. We will discuss the procedures for determining creditors, marshaling assets, personal and fiduciary tax returns, Medicaid estate recovery, payment of creditor claims, and distributions to heirs. We will also discuss the importance of family agreements when administering an estate and estate plan design considerations for clients whose estates will require probate administration.
 
2 hours General CLE Credit Pending
10:00 AM - 10:15 AM
Break
10:15 AM - 11:15 AM
Decedent Estate Administration in North Carolina (continues)
11:15 AM - 11:30 AM
Break
11:30 AM - 12:15 PM
Roundtable discussion of Secure Act and Practice Pointers
12:15 PM - 1:15 PM
Lunch
Lunch is included with tuition.  
1:15 PM - 2:15 PM
Critical Post-death Functions of Administrative Trusts under RLTs (and the Importance of Pre- death Trustee Selection)

Topics to be covered include establishing the administrative trust, personal liabilities of Trustees (especially in the absence of formal probate estate administration), responsibilities for payment of creditors, making proper income and estate tax elections, handling IRA beneficiary designations, tracking of income and principal for purposes of ultimate distributions, and terminating the administrative trust.

2 hours General CLE Credit Pending

2:15 PM - 2:30 PM
Break
2:30 PM - 3:30 PM
Critical Post-death Functions of Administrative Trusts under RLTs (continues)
3:30 PM - 4:00 PM
Directors Meeting