10102163Administration of Estates
Course Information
Description
This is a study of the legal concepts related to estate planning, wills, powers of attorney, summary procedures for estate settlement, formal and informal probate, the laws of intestacy, and the preparation of related income and death tax returns.
Total Credits
3
Course Competencies
  1. Distinguish between probate and non-probate assets
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner identifies the categories of assets as probate property (solely-owned property; tenancy-in-common property; "payable-on-death" (POD) assets; contract beneficiary-designation assets where the "estate" of the owner is the named beneficiary).
    learner identifies the categories of assets as non-probate property (joint tenancy property; survivorship marital property; contract beneficiary-designation assets where and entity other than the "estate" of the owner is the named beneficiary).

  2. Distinguish between marital property and individual property
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner explains the difference between marital property and individual property under the Wisconsin Uniform Marital Property Act (WUMPA)

  3. Prepare a Wisconsin Basic Will with Trust for Execution
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner prepares a Wisconsin Basic Will with Trust
    learner explains the competency standard for execution of a valid will in Wisconsin
    learner demonstrates proper execution procedure for a Wisconsin Basic Will with Trust

  4. Prepare a Wisconsin Power of Attorney for Health Care for Execution
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner prepares a Wisconsin Power of Attorney for Health Care
    learner explains the competency standard for execution of a Power of Attorney for Health Care
    learner demonstrates proper execution procedure for a Power of Attorney for Health Care

  5. Prepare a Wisconsin Durable Financial Power of Attorney for Execution
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner prepares a Wisconsin Durable Financial Power of Attorney
    learner explains the competency standard for execution of a Durable Financial Power of Attorney
    learner demonstrates proper execution procedure for a Durable Financial Power of Attorney

  6. Determine that an Estate May be Settled Using the Affidavit for Transfer of Property
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner evaluates a fact situation to determine applicability of this method of estate settlement
    learner prepares the Affidavit for Transfer of Property free of grammatical, punctuation, spelling and typographical errors
    learner demonstrates Proper Execution Procedure for the Affidavit for Transfer of Property

  7. Settle an Estate by Summary Settlement
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner evaluates a fact situation to determine applicability of this method of estate settlement
    learner prepares all of the Court documents required to process an estate by this method of estate settlement
    learner prepares all documents free of grammatical, punctuation, spelling and typographical errors

  8. Settle an Estate by Summary Assignment
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner evaluates a fact situation to determine applicability of this method of estate settlement
    learner prepares all of the Court documents required to process an estate by this method of estate settlement
    learner prepares all documents free of grammatical, punctuation, spelling and typographical errors

  9. Confirm the Transfer of Title to Real Estate by Use of an HT-100 Form
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner evaluates a fact situation to determine applicability of this method of title transfer
    learner prepares all of the Court documents required to confirm the transfer of title to real estate by this method of title transfer
    learner prepares all documents are free of grammatical, punctuation, spelling and typographical errors

  10. Determine that an Estate May be Settled Using Informal Probate
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner evaluates a fact situation to determine applicability of this method of estate settlement

  11. Prepare the Court Documents Required to Open an Estate in Informal Probate
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner prepares the following Court document required to open an estate in Informal Probate: Application for Administration
    learner prepares the following Court document required to open an estate in Informal Probate: Proof of Heirship
    learner prepares the following Court document required to open an estate in Informal Probate: Order Setting Time/Notice to Creditors
    learner prepares the following Court document required to open an estate in Informal Probate: Waiver, Consent & Approval
    learner prepares the following Court document required to open an estate in Informal Probate: Notice to Creditors
    learner prepares the following Court document required to open an estate in Informal Probate: Affidavit of Mailing
    learner prepares the following Court document required to open an estate in Informal Probate: Order Appointing Guardian ad Litem
    learner prepares all documents with all legally-required information
    learner prepares all documents free of grammatical, punctuation, spelling and typographical errors
    learner demonstrates proper execution of all documents

  12. Prepare the Court Documents Required to Give the Personal Representative Authority to Administer an Estate in Informal Probate
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner prepares the following Court document required to give the Personal Representative authority to Administer an estate in Informal Probate: Order for Administration
    learner prepares the following Court document required to give the Personal Representative authority to Administer an estate in Informal Probate: Domiciliary Letters
    learner prepares the following Court document required to give the Personal Representative authority to Administer an estate in Informal Probate: Letters of Trust
    learner prepares the following Court document required to give the Personal Representative authority to Administer an estate in Informal Probate: Oath
    learner prepares the following Court document required to give the Personal Representative authority to Administer an estate in Informal Probate: Application for Employer Identification Number (SS-4)
    learner prepares all documents with all legally-required information
    learner prepares all documents free of grammatical, punctuation, spelling and typographical errors
    learner demonstrates proper execution of all documents

  13. Prepare the Inventory for an Estate in Informal Probate
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner lists the assets of the decedent that are properly included in the Inventory
    learner identifies the methods used to determine valuation of the assets of the decedent which are properly included in the Inventory
    learner describes each Inventory asset as per State law and Internal Revenue Service requirements

  14. Prepare the Court Documents Required to Close an Estate in Informal Probate
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner determines whether local court rules require the filing of a Final Account
    learner prepares the following Court document required to close an estate in Informal Probate: Final Account, if required
    learner prepares the following Court document required to close an estate in Informal Probate: Personal Representative's Statement to Close Estate
    learner prepares the following Court document required to close an estate in Informal Probate: Receipt & Release
    learner prepares the following Court document required to close an estate in Informal Probate: Any required real estate filings
    learner prepares all documents with all legally required information
    learner prepares all documents free of grammatical, punctuation, spelling and typographical errors
    learner demonstrates proper execution of all documents
    learner prepares the following Court document required to close an estate in Informal Probate:

  15. Review the applicability of the Internal Revenue Service law known as the "Marital Deduction"
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner explains the Marital Deduction
    learner explains the use of the Marital Deduction with regard to estate taxation

  16. Review the 706 Federal Estate Tax Return
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner identifies the assets that are included on each of the return's schedules
    learner identifies the information contained on the face page of the return
    learner demonstrates proper execution procedure for the return
    learner explains the use of the Internal Revenue Service Power of Attorney with regard to this return

  17. Review the 1041 Federal Fiduciary Income Tax Return
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner identifies the income and deductions that are included on each of the return's schedules
    learner identifies the information contained on the face page of the return
    learner demonstrates proper execution procedure for the return

  18. Review the Form 2 State of Wisconsin Fiduciary Income Tax Return
    Assessment Strategies
    reading all assigned materials by stated due dates
    participating in small and large group discussions
    completing all individual or team projects by stated due dates
    completing all tests, quizzes and examinations with a score of at least 70% within the stated time allowed
    meeting the class attendance requirements as stated in the Course Syllabus
    Criteria
    learner identifies the income and deductions that are included on each of the return's schedules
    learner identifies the information contained on the face page of the return
    learner demonstrates proper execution procedure for the return