Choose whether or not to include highlighting and notes in the print view. Depending on your browser, you may have to change print options to include background colors.
List of Forms by Chapter
Chapter 1 — Beginning the Postmortem Estate Planning Process
Chapter 2 — Administration of Trusts and Estates
II. Fees: Executor and Trustee
III. Investment of Assets
V. Trust Division and Allocation Among Beneficiaries and Trusts
VI. Timing of Trust Funding
VII. Settlement of Claims
IX. Trust Protectors and Amenders; Directed Trusts; Decanting
XIII. Appendix
Chapter 3 — The Effective Use of Disclaimers in Estate Administration
I. Introduction
II. The Federal Tax Rules
IV. Postmortem Planning with Disclaimers
V. Problem Areas in Disclaimer Planning
Chapter 4 — Going to Court — Or Not
II. [4.2] Ignoring the Estate Plan
III. [4.33] Understanding and Carrying Out Estate Plan
IV. [4.56] Modifying the Estate Plan
V. [4.84] Challenging the Estate Plan
VI. [4.104] Planning After Incompetency
VII. [4.112] Small Estate Affidavits
Chapter 5 — Estate Tax Elections and Strategies
II. [5.2] Marital Trust Elections (Qualified Terminable Interest Property and Qualified Domestic Trust)
III. [5.20] Portability of Exemption
IV. [5.24] Paying Estate Tax
V. Other Postmortem Tax Elections and Issues
Chapter 6 — Gift Tax and Generation-Skipping Transfer Tax Elections and Strategies
II. [6.2] Gift Tax Elections and Strategies
III. [6.23] Generation-Skipping Transfer Tax Elections and Strategies
Chapter 7 — Income Tax Elections and Considerations
II. The Decedent’s Income Taxes
III. Fiduciary Income Tax Considerations
IV. Income Tax and Estate Tax Interrelated Considerations
V. Considerations Arising from the Decedent’s Partnership and LLC Interests
VI. S Corporation Stock Considerations
Chapter 8 — Retirement Plans and Individual Retirement Accounts
II. [8.2] Overview of Distribution Rules Applicable to Individual Retirement Accounts and Qualified Retirement Plans
III. Eliminating Problem Beneficiaries
IV. [8.14] Designated Beneficiary Strategies
V. Charitable Beneficiary Strategies
VI. Other Individual Retirement Account and Qualified Retirement Plan Issues
Chapter 9 — Insurance
III. Taxation of Life Insurance Proceeds
IV. [9.16] Irrevocable Life Insurance Trusts
V. Buy-Sell Agreements
VII. Employee Benefit and Retirement Arrangements
Chapter 10 — Business Interests
III. [10.3] Operating the Business
IV. Transferring the Business
V. Tax Elections
VI. Estate Taxes
VIII. Appendix — Forms and Checklists
Chapter 11 — Asset Protection During Estate and Trust Administration
II. Postmortem Asset Protection During Probate
III. Postmortem Asset Protection with Disclaimers
IV. [11.33] Postmortem Asset Protection for Special Recipients
V. Postmortem Asset Protection in Trust Funding
VII. Appendix — Sample FormsJared R. Cloud is a Partner at Levenfeld Pearlstein, LLC, in Chicago, where he focuses his practice on estate and trust litigation. He is a fellow of the American College of Trust and Estate Counsel, a member of the Chicago Estate Planning Council, and a Past Chair of the Chicago Bar Association’s Trust Law Committee (2015 – 2016). He is rated Band 1 for Private Wealth Disputes in Chambers High Net Worth Guide. Mr. Cloud received his B.A. from the University of Chicago and his J.D. with honors from the University of Chicago Law School.
Stephen A. Frost is Of Counsel to Huck Bouma PC in Wheaton, where he focuses on business and estate planning. He is a member of the Illinois State, DuPage County, and Chicago Bar Associations. He teaches estate and gift taxation as an adjunct professor at DePaul University Graduate School of Business and trust and partnership law annually as a visiting professor at Vytautas Magnus University Law School in Kaunas, Lithuania. Mr. Frost received his B.S. from Iowa State University and his J.D. from the University of Iowa College of Law.
No bio available.
Kim Kamin is the Principal and Chief Wealth Strategist Member at Gresham Partners, LLC, in Chicago. She leads the development and implementation of estate, wealth transfer, philanthropic, educational, and fiduciary planning activities. Ms. Kamin is a Regent of the American College of Trust and Estate Counsel, serves on the Editorial Advisory Board of Trusts and Estates Magazine, is an adjunct professor at the Northwestern University Pritzker School of Law, where she was awarded the William M. Trumbull Lectureship, and is Past President of the Chicago Estate Planning Council. Ms. Kamin received her B.A. with distinction and departmental honors from Stanford University and her J.D. from the University of Chicago Law School.
Stuart J. Kohn is a Partner at Levenfeld Pearlstein, LLC, in Chicago. He concentrates his practice in estate and trust administration matters. He is a member of the American College of Trust and Estate Counsel. He is a Past Chair of the Executive Committee of the Chicago Bar Association’s Trust Law Committee and served as President and former member of the board of directors of the Greater North Shore Estate and Financial Planning Council. He is a member of the American Bar Association. In 2009, 2016, and 2017, he was named as a Leading Lawyer, in addition to being an Illinois Super Lawyer from 2007 – 2019. Mr. Kohn received his B.B.A. from the University of Michigan and his J.D. from the Loyola University Chicago School of Law.
James M. Lestikow is a Partner at Hinshaw & Culbertson LLP, in Springfield, where he concentrates his practice in estate planning, business transactions, and commercial real estate. He is a Fellow of the American College of Trust and Estate Counsel and has served on its Asset Protection Committee. He is the Vice Chair and a member of the Board of Directors of IICLE®. He is also a member of the American, Illinois State, and Sangamon County Bar Associations and the standing Advisory Committee to IICLE® for estate planning programming and publications. Mr. Lestikow received his B.S. from Northern Illinois University and his J.D. from the University of Illinois College of Law.
No bio available.
Michael E. Morden is a Partner at Honigman LLP, in Chicago, and focuses his practice on private clients. Mr. Morden received his B.A. from the University of Michigan, his LL.M. from the New York University School of Law, and his J.D. from the University of Michigan Law School.
No bio available.
Jason S. Ornduff is a Partner with Harrison LLP in Chicago, where he focuses his practice on estate planning and administration. He is a Fellow in the American College of Trust and Estate Counsel (ACTEC). He is also Past President of the Greater North Shore Estate and Financial Planning Council and a member and Past President of the Greater North Shore Estate and Financial Planning Council. He has been recognized by the Best Lawyers in America in Trusts and Estates (2021 – 2023). Mr. Ornduff received his B.A. from the University of Illinois at Urbana-Champaign and his J.D. from the University’s College of Law, where he was Executive Editor of the Elder Law Journal.
No bio available.
Natalie M. Perry is a Partner at Harrison LLP, in Chicago, where she concentrates her practice in estate, gift, and income tax planning; trust and estate administration; and business succession planning matters. She is a Fellow in the American College of Trust and Estate Counsel. Her election to ACTEC resulted from and is in recognition of her professional reputation, extensive experience in the field of trusts and estates and continuing contributions to this field through speaking, writing, and bar activities. She is a frequent speaker on estate and tax planning matters and has been on the planning committee as well as a member of the faculty for the IICLE® Estate Planning Short Course for over ten years. Perry received her B.S. in accounting from Indiana University and her J.D. from the DePaul University College of Law.
No bio available.
Stacy E. Singer is the National Practice Leader for Trust & Wealth Advisory for the Northern Trust Company in Chicago. She is a Fellow and Illinois State Chair of the American College of Trust and Estate Counsel, a Past President of the Chicago Estate Planning Council, and the Secretary for IICLE® Board of Directors. Ms. Singer received her B.A. from the University of Michigan and her J.D. from the University of Michigan Law School.
No bio available.
An IICLE® Online Library subscription is required to view this content. For more information or to subscribe, click here.
Free monthly e-updates in 15 practice areas