Estate Planning for the 99%
Faculty:
Estate Planning Refresher
To start the day, take a walk through each of the foundational estate planning documents, what they do, and what happens if a client does not have them. From there, get a brief overview of the fiduciary qualifications and roles for each and review the execution requirements for each document.
Brooke A. Didier Starks, Meyer Capel, PC, Champaign
Exploring the Playground of Planning for Minors
Take a comprehensive look at the planning issues facing parents of minor children. From naming guardians to protecting assets, ensuring that their children will be taken care of is the chief priority for these clients.
Katherine L. Opel, Weinheimer Opel Law Firm, PC, Edwardsville
Planning for the Transition of Family Owned Businesses & Farms
Understand the estate planning techniques and tools that can be used to transition a family owned business or farm to a spouse, children and more remote generations.
Beth K. Flowers, Mathis, Marifian & Richter, LTD., Edwardsville
Patrick B. Mathis, Mathis, Marifian & Richter, LTD., Belleville
Structuring Estate Plans Without Trusts: The Joys of Willing, Beneficiary Designating and Jointly-Titling Almost Anything!
Not every client wants or needs a trust. Learn how to structure an estate plan using other strategies such as beneficiary designations (including Transfer-on-Death Instruments for real estate), joint ownership with rights of survivorship, and good old fashioned Wills.
Theodore E. Froum, Froum Law Group, LLC, Evanston & Chicago
I'm Middle-Class--Why Do I Need to Worry About Estate Taxes?
Learn how to plan for the risk that the Illinois estate tax might be assessed--even when the risk is a possibility rather than a probability. Consider several applicable estate planning techniques which will help reduce or eliminate the imposition of the Illinois estate tax for couples who have accumulated over $4.0 million of combined assets (including house, retirement benefits, life insurance, etc.). Understand portability under the federal estate tax law.
Lorraine Cavataio, Sandberg Phoenix & von Gontard P.C., O’Fallon
Stephen A. Frost, Huck Bouma P.C., Wheaton
Anticipating Conflict in Estate Administration: Plan for Tomorrow – Today
(0.5 Professional Responsibility)
Learn steps you can take during the planning process to maximize the chance that an estate plan will be successfully defended should a disgruntled beneficiary attack the deceased client’s estate plan after the key witness, the client, has left the scene. Understand how to anticipate potential conflicts associated with: second marriages, assets passing unequally, potential undue influence, the heirs’ emotions, closing letters, and transitioning a business. Learn to plan with the expectation that conflicts will occur, since the best defense is a good offense.
Brett M. Dale, Huck Bouma P.C., Wheaton
The Business of Running an Estate Planning Practice (Also Known as “Oh, the Things They Never Taught Us In Law School!”)
(1.0 Professional Responsibility)
Whether you are a solo practitioner or an attorney in a large firm, there are many issues to handle when building and running a successful estate planning legal practice: conflict checks, form libraries, the use of paralegals, knowing when and how to bill the client, and more. Hear attorneys from small, medium and large firms discuss relevant issues and reveal their strategies for making an estate planning practice successful.
Lorraine Cavataio, Sandberg Phoenix & von Gontard P.C., O’Fallon
Brett M. Dale, Huck Bouma P.C., Wheaton
Theodore E. Froum, Froum Law Group, LLC, Evanston & Chicago
Jane H. Pratt, Beal, Pratt & Pratt, Monmouth
Adjourn
Faculty:
Estate Planning Refresher
To start the day, take a walk through each of the foundational estate planning documents, what they do, and what happens if a client does not have them. From there, get a brief overview of the fiduciary qualifications and roles for each and review the execution requirements for each document.
Brooke A. Didier Starks, Meyer Capel, PC, Champaign
Exploring the Playground of Planning for Minors
Take a comprehensive look at the planning issues facing parents of minor children. From naming guardians to protecting assets, ensuring that their children will be taken care of is the chief priority for these clients.
Katherine L. Opel, Weinheimer Opel Law Firm, PC, Edwardsville
Planning for the Transition of Family Owned Businesses & Farms
Understand the estate planning techniques and tools that can be used to transition a family owned business or farm to a spouse, children and more remote generations.
Beth K. Flowers, Mathis, Marifian & Richter, LTD., Edwardsville
Patrick B. Mathis, Mathis, Marifian & Richter, LTD., Belleville
Structuring Estate Plans Without Trusts: The Joys of Willing, Beneficiary Designating and Jointly-Titling Almost Anything!
Not every client wants or needs a trust. Learn how to structure an estate plan using other strategies such as beneficiary designations (including Transfer-on-Death Instruments for real estate), joint ownership with rights of survivorship, and good old fashioned Wills.
Theodore E. Froum, Froum Law Group, LLC, Evanston & Chicago
I'm Middle-Class--Why Do I Need to Worry About Estate Taxes?
Learn how to plan for the risk that the Illinois estate tax might be assessed--even when the risk is a possibility rather than a probability. Consider several applicable estate planning techniques which will help reduce or eliminate the imposition of the Illinois estate tax for couples who have accumulated over $4.0 million of combined assets (including house, retirement benefits, life insurance, etc.). Understand portability under the federal estate tax law.
Lorraine Cavataio, Sandberg Phoenix & von Gontard P.C., O’Fallon
Stephen A. Frost, Huck Bouma P.C., Wheaton
Anticipating Conflict in Estate Administration: Plan for Tomorrow – Today
(0.5 Professional Responsibility)
Learn steps you can take during the planning process to maximize the chance that an estate plan will be successfully defended should a disgruntled beneficiary attack the deceased client’s estate plan after the key witness, the client, has left the scene. Understand how to anticipate potential conflicts associated with: second marriages, assets passing unequally, potential undue influence, the heirs’ emotions, closing letters, and transitioning a business. Learn to plan with the expectation that conflicts will occur, since the best defense is a good offense.
Brett M. Dale, Huck Bouma P.C., Wheaton
The Business of Running an Estate Planning Practice (Also Known as “Oh, the Things They Never Taught Us In Law School!”)
(1.0 Professional Responsibility)
Whether you are a solo practitioner or an attorney in a large firm, there are many issues to handle when building and running a successful estate planning legal practice: conflict checks, form libraries, the use of paralegals, knowing when and how to bill the client, and more. Hear attorneys from small, medium and large firms discuss relevant issues and reveal their strategies for making an estate planning practice successful.
Lorraine Cavataio, Sandberg Phoenix & von Gontard P.C., O’Fallon
Brett M. Dale, Huck Bouma P.C., Wheaton
Theodore E. Froum, Froum Law Group, LLC, Evanston & Chicago
Jane H. Pratt, Beal, Pratt & Pratt, Monmouth
Adjourn
| Program Date | 12/9/2019 |
| Program Date | 12/9/2019 |