If You Know the
Basics of Estate and Trust Administration
You Can Expand Your Practice Revenue

With the senior segment of our population continuing to grow, there is an increasing opportunity for all estate planning professionals to service the estates and trusts of decedents.

If you’re a CPA, this means the potential for more 1041 and 706 preparation fees (as well as fees for past due 709’s and the decedent’s final 1040).

If you’re an estate planning attorney, this means more fees for probate, estate and trust work, not only for the Executor or Trustee, but for the beneficiaries (as well as some of the above tax return prep).

If you’re a financial advisor, there’s the great opportunity to work closely with a deceased clients’ (or their Executor’s or Trustee’s) CPA and attorney, to assist them with certain tasks and thereby gather more assets under management.

But you need to know the basics.

Nationally renowned CPA and tax expert, Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA, has put together this presentation entitled, “Estate and Trust Administration for CPAs and Financial Advisors”.

During this 90-minute presentation, you’ll learn:

  • The tax and non-tax related steps that must take place in an estate administration (you’ll even get an Estate Administration checklist!)
  • When you need to get an EIN and file special forms (like Forms SS-4, 56, 4810 and 5495)
  • The key, and often overlooked, IRS forms that should be filed in virtually every estate (which are not tax returns!)
  • Preparation of the decedent’s final income tax return (a quick, line by line analysis of Form 1040, including planning issues and strategies!)
  • Preparation of the estate (or trust) fiduciary income tax return, Form 1041 - - including a review of such key concepts as:
    • Complex vs. simple status
    • Grantor vs. Non-Grantor
    • “Fiduciary accounting income”
    • Allocating income between the 1040 and 1041
    • “DNI”
    • The 65 day rule
    • Pecuniary and specific bequests
    • “IRD”
  • Preparation of any gift tax return, Form 709, which may be due - - including a review of such key concepts as:
    • Annual exclusion
    • “Gift-splitting”
    • “Adequate disclosure”
    • Generation skipping transfer tax exemption allocation
    • Valuation adjustment clauses
  • Preparation of the estate tax return, Form 706 (which may be appropriate even if no taxes are due!) - - including a review of such key concepts as:
    • Gross estate
    • Marital deduction
    • Alternate valuation
    • “Portability”
    • Basis adjustment
  • Special considerations for IRAs and ERISA plans
  • Property law issues that affect the 706 and 709 (particularly with regard to community property)
  • Special S-Corp, partnership and LLC elections and issues
  • If you’re a CPA or financial advisor, how to work successfully with the Trust’s or Estate’s legal counsel
  • How to protect you, as the tax preparer, and the Executor or Trustee, when closing the administration!
  • And much, much more!

Your purchase includes: Downloadable PDF handout materials and MP3 audio recording. A PDF transcript may be added on for an additional fee during the checkout process.

  • Program Title: Estate and Trust Administration for CPAs and Financial Advisors
  • Speaker:
  • Duration: 90 minutes


Includes: MP3 Audio Recording of Presentation plus PDF Handouts

NOTE: PDF Transcript available as an add-on for an additional fee during checkout.



Robert S. Keebler

CPA/PFS, MST, AEP (Distinguished), CGMA
Robert S. Keebler

Robert S. Keebler, CPA/PFS, MST, AEP (Distinguished), CGMA is a partner with Keebler & Associates, LLP and is a 2007 recipient of the prestigious Accredited Estate Planners (Distinguished) award from the National Association of Estate Planning Counsels. He has been named by CPA Magazine as one of the Top 100 Most Influential Practitioners in the United States and one of the Top 40 Tax Advisors to Know During a Recession. Mr. Keebler is the past Editor-in-Chief of CCH’s magazine, Journal of Retirement Planning, and a member of CCH’s Financial and Estate Planning Advisory Board. His practice includes family wealth transfer…


The Ultimate Estate Planner, Inc. and the presenter are not registered Continuing Education Sponsors and this program is not pre-approved for continuing education credit for any state or regulatory agency.

However, please note that each program includes a Certificate of Completion and, depending on the license and the regulatory agency for which governs a participant’s CE credit, some professionals may be able to self-report his or her participation and receive credit. It is the responsibility of the participant to complete any process necessary to seek self-reported CE credit for his or her participation. By registering for a teleconference (or purchasing on On-Demand program), you understand that CE credit is not guaranteed or warranted by the presenter or The Ultimate Estate Planner, Inc.