Estate Accounting
Webinar Details$219
- Webinar Length: 100 Minutes
- Guest Speaker: Chuck Borek
- Industry: Taxation and Accounting
Fiduciary accounting, or accounting for a decedent’s estate during probate, can be a challenging and confusing task. State law, general accounting procedures, and tax rules all have a role to play and things get more complicated if trusts are involved. In this session we will discuss the general approach to accounting for a decedent’s estate with and without trusts. We will identify the different approaches needed in circumstances where the decedent dies with and without a will, including the use of revocable living trusts as a testamentary vehicle.
Learning Objectives:
•The probate process used to settle decedent’s estates
•Differentiating the probate estate from the taxable estate
•Understanding community property rules
•How to determine which state’s rules apply
•The procedure for rendering accountings and making distributions
•Dealing with assets in trust
•The estate and income tax rules that may come into play
Guest Speaker

Chuck Borek
Chuck Borek is a practicing attorney and founder of the Borek Group, LLC. Chuck is also a CPA, and his background includes five years as a partner in a public accounting firm. He received his law degree and MBA summa cum laude from the University of Baltimore in 1993, where he was editor-in-chief of the Law Review. He has been teaching professionally since 1989, including four years as an Associate Professor of Accounting and two years as a Visiting Assistant Professor of Law. He ha... View Full Profile