Computation of the Average Weekly Wage

This session will provide clarity around the options available for Medicare Set-Asides (MSAs) and a variety of alternatives, as well as the pros/cons of each approach so that you are better prepared to make specific recommendations to clients based on risk tolerance, settlement goals, and cost when weighing options for:

• Traditional MSA vs. MSA Legal Opinion
• Traditional MSA vs. Evidence-Based MSA
• Submit vs. Non-Submit

Originally part of the 9th Annual Workers' Compensation Institute

The legislation that originally created the Transfer on Death Instrument became law in 2012. It is codified as 755 ILCS 27/1 et seq. (“The Act.”) This statute was amended in 2015. There is now a second amendment, Public Act 102-0068, which is effective January 1, 2022. Public Act 102-0068 is truly a major revision of the Act. Consider just a few of these new changes: The Act is no longer the Illinois Residential Real Property Transfer on Death Instrument Act because the Act is no longer limited to just residential real estate. Effective January 1, 2022, a spouse can now renounce a Transfer on Death Instrument and take his or her statutory share. Dick Bales has put together a comprehensive 26-page handout where he thoroughly discusses all the changes to the Act. When appropriate, he uses situational examples to better illustrate these changes. In addition, he has put together a list of what he feels are some areas of concern to both attorneys and title companies.

Learn about recent Illinois Appellate Court cases, including Rule 23 cases, which impact the practice, with important insights for both Petitioner’s and Respondent’s attorneys. We will also discuss the Armstead decision from the Supreme Court of Illinois and recent COVID-19 decisions from the Illinois Workers’ Compensation Commission.
Originally part of the 9th Annual Workers' Compensation Institute