September 21, 2020 8:00am – 3:30pm Map & Directions 602-252-4144

Webcast: How to Settle a Client's Estate


Federal estate and gift taxes currently affect few clients, but there are many other issues involved in settling an estate or administering a trust. Clients who are beneficiaries of a trust or estate often turn to their financial advisors to understand the administrative process and its effect on their interests.

This course enables the accountant to cut through the jargon to understand the legal concepts, communicate a real-world explanation to clients, and serve, in some instances, as an advisor to them. After taking this course, practitioners will feel more confident to serve in a fiduciary capacity. Updated for developments relative to estate taxation.


ASCPA Live Online Webcast
Phoenix, AZ 85034-6617

Registration Time



Non-CPA Staff:
Non-CPA Staff (100% club):
Non-CPA Staff (sole proprietor):


  • Understand how creditors' claims impact a beneficiary's claims.
  • Understand the key provisions in a will or trust.
  • Understand the duties of an executor or trustee in relation to beneficiaries and other third parties.
  • Identify trusts, wills, and other documents encountered and their uses.
  • Understand the stages of an estate administration including costs, collections, payment of debts/taxes and distribution to beneficiaries.
  • Be aware of the duties a fiduciary and members of the estate planning team owe to creditors, beneficiaries and the courts.

Course Level



Surgent McCoy CPE, LLC More With This Vendor

Designed For

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



Event Leaders

Emerson, Scott

Rating: 4.65

Scott Emerson, Enrolled Agent, is a new instructor for Surgent McCoy CPE, LLC. He was a revenue agent for Internal Revenue Service for 27-½ years. He has instructed both continuing professional education seminars and continuing legal education seminars for agents and attorneys with the IRS. He also has taught numerous IRS tax courses throughout his career. He incorporates real-life examples and historical perspective to interpret tax concepts.

Prior to his retirement, Scott was the Trust Technical Advisor with the IRS for the last nine years. He has extensive experience with the interrelationships between trusts and related returns. He has been recognized as a trust expert in several district courts for both domestic and foreign trusts. He has been confirmed as a trust expert in two U.S. appeals court’s decisions. His background also includes working with Department of Justice and U.S. Attorney Offices throughout the country.

Mr. Emerson is a graduate of Miami ( Ohio) University, with a degree in accountancy.

More With Emerson, Scott


  • Issues involved when settling an estate - marshaling of assets, payment of creditors, & distribution and accounting to beneficiaries.
  • Explaining the needs and limitations of durable powers of attorney, health care directives and living wills.
  • Why a will is probated and on what grounds it may be challenged.
  • Comprehensive checklists on how to read a will, duties of an executor and trustee and much more.
  • Identification and report of estate assets.
  • What to do and what not to do as a fiduciary, executor, or trustee - duty of care, investment, informing, payment of debts and taxes and defending a will contest.
  • How executors and trustees interact with beneficiaries.
  • Elective shares, and when a spouse might make that choice.
  • What a trustee needs to know about incompetents and minors.
  • Rights of creditors, third parties and beneficiaries.
  • Key issues in transferring property to a trust and from a trust or estate to a beneficiary.
  • Identifying income, estate and inheritance taxes.
  • Fiduciary accounting - principal and income concepts.
  • An introduction to drafting an account and why it is relevant.
  • Administration of revocable trusts.
  • Estate basis reporting.

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