Marshalling Assets in Estate Planning
1 hour 30 minutes
Learn to properly oversee the administration of a trust or estate while marshalling and distributing assets.
Learn how to best avoid liability and properly oversee the administration of an estate or trust. Properly marshalling, collecting, and distributing assets involves many considerations and focus for effective estate and trust administration. Attention to different asset classes, due diligence and understanding the underlying documents is essential.
• You will be able to describe what should be included as part of an estate’s/trust’s assets.
• You will be able to discuss fiduciary due diligence and where to look for information regarding a decedent’s assets (tax returns, documents, decedent’s mail, etc.).
• You will be able to explain the process involved in marshalling assets, from collection of assets and obtaining valuations to settling debts, final distributions and filing an estate inventory with the court, if required.
• You will be able to identify potential complications involved in marshalling assets and how to identify probate vs. non-probate assets.