Estate administration and probate involve complex legal and ethical responsibilities.
- Types of Risk in Estate Administration
- Ethical risks, procedural mistakes, and client expectations mismanagement which may lead to malpractice, fiduciary breaches, or litigation.
- Risk Points Across the Administration Lifecycle
- Reception & client intake
- Asset discovery and valuation
- Creditor claims and tax reporting
- Communication mediations
- Final distributions and estate closure procedures
- Discovery & Prevention Strategies
- Best practices for information gathering engagement letters, checklists, and early issue spotting to prevent complications.
- Attorney as Executor or Trustee
- Additional ethical and practical challenges when legal counsel also serves in a fiduciary role dual responsibility risks and conflicts.
“Risky Business” equips legal professionals and especially estate attorneys with practical strategies to spot and mitigate risks in estate administration. The course promotes the use of structured client intake, clear communication, and systematic review throughout the estate lifecycle to minimize liability and maintain ethical compliance.