The 17th Annual Elder Law Short Course is designed for the Illinois elder law attorney who is dedicated to client service and eager to stay on the cutting-edge of legal issues affecting elderly clients and their families. This year’s program offers plenary sessions on eliminating barriers to legal access, navigating guardianship and power of attorney disputes, and legislative updates. In addition, you’ll get the latest on advising your clients about Medicaid (planning and application), judicial perspectives on guardianships, Illinois Trust Code update, and much more!
Registration includes post-event access to the online on-demand recording and all additional breakout CLE.
Learn whether the Illinois Trust Code imposes new fiduciary duties on trustees or changes any of the existing fiduciary duties and how the Illinois Trust Code addresses trustee resignation, removals, and vacancies, as well as the rights and obligations of a trustee who resigns or is removed.
Learn important takeaways for both the drafters and the fiduciaries. For the Drafters - Review common trust provisions impacted by the Illinois Trust Code and trust drafting tips. For the Fiduciaries - Understand what steps fiduciaries (individuals or corporations) should be taking prior to and after the effective date of the Illinois Trust Code as well as the impact of the Code on how fiduciaries administer trusts.
Learn which beneficiaries are entitled to receive accountings and copies of the trust instrument under the Illinois Trust Code. Get details about which trusts the rules apply to, whether the grantor can change these rights in the trust instrument, and what other information the trustee is required to provide to beneficiaries.
Banks play essential roles when serving as guardian of the estate. As evidenced by a recent rise in questions by the courts, their role is not completely understood. Explore the corporate fiduciary’s relationship with the guardian of the person, the ward, counsel, and the guardian ad litem; the duties of the guardian of the estate; fees earned incurred by the guardian of the estate; and other topics relevant to this important player in larger estates.
One of the most consequential decisions (and often the last one) in estate planning is trustee selection. The trustee who seems like the most ideal choice at first glance may not necessarily have the diversity of subject matter expertise and oversight to allow for continuous, efficient, and robust administration. Learn about important considerations for trustee selection, the pros and cons of including a professional fiduciary in your estate plan, and how to counsel clients to make informed choices when crafting an estate plan and choosing a trustee.
Explore modernizing updates to the familiar Prudent Investor Rule, including consideration of environmental, social and corporate governance factors in prudent investment. Also learn more about modifications to the duties of trustees in the administration of life insurance trusts.