Essential Strategies for Effective Estate Administration, Fiduciary Duties, and Tax Considerations
This comprehensive course delves into the intricacies of estate administration, offering expert advice on navigating the complex responsibilities of fiduciaries. Participants will learn key strategies for effective estate planning, the importance of accurate record-keeping, and how to handle common challenges that arise during the administration process. Topics include managing probate and non-probate assets, understanding fiduciary duties, and addressing tax implications.
The course also provides practical guidance on working with professionals such as accountants, financial advisors, and appraisers to ensure a smooth administration process. Ideal for estate planners, attorneys, and fiduciaries, this course equips participants with the knowledge and tools needed to manage estates efficiently and in compliance with legal requirements.
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Shareholder, Rees Broome PC
John represents closely-held businesses, their owners, and families in matters involving taxation, estate planning, probate and estate administration, wills and trusts, and business succession planning. John has worked with clients to: - Prepare last wills and testaments, trust agreements, advance medical directives, and powers of attorney; - Administer estates and trusts; - Negotiate with the Internal Revenue Service; - Plan for optimal tax treatment; - Form and manage businesses and 501(c)(3) tax-exempt organizations. Prior to joining Rees Broome, John spent three years at Alvarez & Marsal in Washington, D.C., concentrating his practice on state and local, federal, international tax compliance, and consulting for individuals and businesses. He then joined Ritzert & Leyton, PC (now known as Gombos Leyton, PC), where he began to focus his practice on estate planning and administration, and tax planning and controversy. In addition to being licensed as an attorney in Virginia, Maryland, and the District of Columbia, John holds credentials as a Certified Public Accountant and CERTIFIED FINANCIAL PLANNER™. It is with this background that John approaches all of his clients' needs from a multifaceted perspective that allows him to view their situations from a variety of perspectives. He has also worked with a wide variety of clients, including professional athletes, members of the military preparing to deploy, families who have children with special needs, small business owners, and many others. Whether a client’s situation calls for a simple will, a special needs trust, a trust intended to hold real estate, or anything else, John is prepared to advise his clients accordingly. John also maintains a tax controversy practice, where he works with clients to prepare offers in compromise to negotiate their tax debts, negotiates payment plans, prepares and files federal and state estate tax returns, and represents clients during IRS inquiries and audits. Additionally, John is a JAG Officer with the Maryland Air National Guard, 175th Wing, based in Baltimore County, Maryland. John is also a former Adjunct Professor of Accounting at Northern Virginia Community College, where he enjoyed teaching his students federal income taxation. Additionally, John is a former Co-Chair of the Wills, Trusts, and Estates Section, and the Tax Section of the Fairfax Bar Association, among many leadership positions he has held in the community.
