Estate Settlement – Who Plans the Funeral (and Pays)?

$30.00

Estate Settlement – Who Plans the Funeral (and Pays)? 

In this timely and compelling CLE program Attorney Nance Schick will discuss legal issues involved with planning a funeral. Attendees will learn the parties relevant to testate and intestate administration, as well as the related duties of each party. They will be provided with tools and tips to help them determine when and how to defer to the decision-makers. They will gain insight regarding compliance with the applicable Estate, Powers and Trusts Law while also respecting the needs of other grieving parties who have no legal decision-making authority. This will prevent the funeral professionals from inadvertently contracting with parties who lack the authority or funds to pay for services, and it will minimize conflict between the professional and the surviving family members.

Agenda

  • Introduction of Speaker and Topic overview, Why important to attorneys and clients
  • Testate v. Intestate Succession
    • Wills
    • Lifetime or “living” trusts
    • Life insurance proceeds
    • Retirement accounts
    • Transfer-on-death securities accounts
    • Jointly-held property (e.g., bank accounts, real property)
  • Probate Court v. Small Estate Administration
    • Wills and assets of any value
    • Assets of $30K or less
    • No real property
  • Necessary Parties and Their Rights or Responsibilities
    • Voluntary Administrator v. Executor or Trustee
    • Attorney
    • Survivors
    • Beneficiaries
    • Co-Owners
    • Joint Tenants
    • Funeral Directors
  • Conclusion 
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Estate Settlement – Who Plans the Funeral (and Pays)?