PLA428 Probate and Estate Planning II
Lead Faculty: Dr. Bryan Hance
This course covers the following material: Asset accumulation, management, and creditors' claims, location and marshaling of assets of the estate; preparation of inventories; function of probate referee; review of procedures for payment of debts and creditors' claims; study of management of estate assets; sales of real businesses; and family allowance. This course also covers miscellaneous court proceedings and termination of proceedings: will contests, contract to make a will, quiet title actions, buy-sell agreements, options, redemptions, and partition. Preparation of a court accounting and petition for final distribution, discharge of representation, and statutory fees. In addition, the course will review special petitions: Petition under Probate Code Sec. 9860, petition for instructions, petition to determine distribution rights, nunc pro tunc orders, settlements, preliminary distributions, and report of status of administration of estate.
- Discuss asset accumulation, management, creditors' claims, and marshaling of assets.
- Describe the preparation of inventories.
- Explain the function of the probate referee.
- Describe the procedures for the payment of debts and creditors' claims.
- Explain key principles in the management of estate assets, the sale of real business, and a family allowance.
- Describe probate court proceedings, including termination.