Roles, Responsibilities, and Best Practices for NJ Estate Administration

This program will equip practitioners with the essential knowledge and skills to advise administrators/executors in the administration of estates. Practitioners will gain a thorough understanding of the executor's role, including the responsibilities of assembling and valuing assets, paying debts and expenses, and distributing assets to beneficiaries. The program will cover the probate process, tax filings, and legal obligations, ensuring attorneys can provide comprehensive guidance to executors. Through practical examples and experiential insights, practitioners will learn best practices for navigating complex estate administration scenarios and fulfilling their fiduciary duties. 

Learning Objectives: 

1. Identify the key responsibilities and duties of an executor, ensuring practitioners provide accurate and comprehensive advice to clients
2. Prepare detailed checklists and timelines for executors to follow, helping them navigate the estate administration process efficiently
3. Break down the probate process and legal requirements with executors, ensuring they understand the necessary steps and documentation
4. Predict potential challenges and conflicts that may arise during estate administration, and develop strategies to address them proactively
5. Advise executors on best practices for managing estate assets, filing tax returns, and fulfilling their fiduciary duties to beneficiaries