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64th Annual Estate Planning Short Course

This annual program is the pinnacle of estate planning education for Illinois attorneys. Offering more than 12 hours of in-depth education on issues of relevance and importance to attorneys across the state, this is the one program Illinois estate planners have deemed a "can't miss" for 64 years! Join us in 2021 for this always informative program.
Credits: 10.25 General, 1 Diversity/Inclusion PR, 0 MH/SA PR, 1 Other PR

Monday, May 24 and Tuesday, May 25, 2021
Virtual Conference via Live Webcast

DAY ONE
Moderated By:   Pamela Lucina, Northern Trust, Chicago

8:00 — Log into the webcast via your account at www.iicle.com
8:50 — Opening Announcements

9:00 – 10:00 — Recent Developments in Federal Estate, Gift and Generation-Skipping Taxes
Karen Van Meter, McDermott Will & Emery LLP, Chicago

10:00 - 10:15 — BREAK 

10:15 – 11:15 — Federal Income Taxation for Estate Planning & Administration
Robert A. Romanoff, Levenfeld Pearlstein LLC, Chicago
Adam Garber, Levenfeld Pearlstein LLC, Chicago

11:15 – 12:15 — Illinois Law: Case Decisions & Trends
Ryan A. Walsh, Hamilton Thies & Lorch LLP, Chicago

12:15 – 1:00 — LUNCH BREAK

1:00 – 2:15 — FEATURED PRESENTATION: Estate Planning and Trust Administration Under the Illinois Trust Code: Top 10 Changes to How We Administer Trusts and/or Practice Law                                                
Now that we have been living with the Illinois Trust Code for over a year, hear from a practitioner and a trustee about lessons learned, pitfalls to avoid and suggestions to smooth the road ahead.
Natalie M. Perry, Harrison & Held, LLP, Chicago
Stacy E. Singer, Northern Trust, Chicago

2:15 - 2:30 — BREAK 

2:30 – 3:30 — Managing Your Estate Planning Practice in a Virtual World
(1.0 Professional Responsibility credit pending approval)
Connecting with clients and other professionals by phone or video conference has become the norm for most practitioners. A virtual estate planning practice presents new ethical concerns, security risks, and an increased likelihood of electronic wills. Learn how to effectively manage these new challenges.  
Lorraine Cavataio, Sandberg Phoenix, O’Fallon
Steven L. Kriz
, Levenfeld Pearlstein, LLC, Chicago                             
Ray Prather, Prather Ebner LLP, Chicago

3:30 – 4:30 — What Does Red-Lining Have to Do with Trusts and Estates?
(1.0 Diversity & Inclusion Professional Responsibility credit pending approval)
Few diverse lawyers are members of the trusts and estates bar and the pipeline is not particularly encouraging.  Learn more about the diversity challenges facing the trusts and estates bar and the unique impact of such challenges.  Also, get tips for increasing diversity in your practice (regardless of size) as well as in the trusts and estates bar more generally.  This engaging session will help you feel empowered to make a difference and leave a legacy.
Lindsey D. G. Dates, Barnes & Thornburg LLP, Chicago

4:30 — Adjourn Day 1

 

DAY TWO

TRACK ATRACK B

 

Moderator: David A. Berek, Baker & McKenzie LLP, Chicago

Moderator:  Kim Kamin, Gresham Partners, LLC, Chicago

8:45

9:45

Walking Through the Preparation of an Estate Tax Return and a Gift Tax Return

Review the steps for properly preparing and filing estate and gift tax returns, including valuation methods, valuation discounts, Section 2032A elections, Section 6166 elections, QTIP elections (including Illinois) and GST elections.
Beth K. Flowers, Mathis, Marifian & Richter, LTD., Edwardsville
Patrick B. Mathis, Mathis, Marifian & Richter, LTD., Belleville

Intersection of Alternative Investments & Estate Planning:  Taxation, Planning and Fiduciary Risk Issues

There are good reasons to hold alternative investments in trust and other estate planning vehicles, but these assets can be complicated and they present special risks for fiduciaries and beneficiaries alike.  Understand the characteristics of alternatives, the risks associated with them, and how the risks can be addressed in the estate planning process and in trust and estate administration.
David M. Allen, Katten Muchin Rosenman LLP, Chicago
David C. Blickenstaff, Schiff Hardin LLP, Chicago

9:45
 –
10:00

Break

Break

10:00

11:00

Know Your Tool Kit: How Planners Can Address Select Guardianship and Public Benefits Concerns

As life “happens” to our aging clients, their needs can change in unimaginable ways. Sometimes, they need protection from bad actors. Sometimes, they unwittingly become a bad actor. Sometimes, they have caregiving needs at great expense.  This session will cover the legal rules that you will face and the solutions you can offer when protecting clients in some of these circumstances.
Ray J. Koenig III, Clark Hill PLC, Chicago
Ben A. Neiburger, Generation Law Ltd., Elmhurst

Beyond Taxes: Securities Law Considerations for the Estate Planner

Explore various compliance requirements and planning alternatives from the perspectives of a corporate attorney, an estate planner, and a corporate fiduciary. Learn about practical application of securities law, emphasizing situations that repeatedly arise in the context of estate planning and trust administration, including: accredited investors and qualified purchasers; special provisions applicable to trusts and closely held entities;  information disclosure requirements and anti-fraud provisions; and registration requirements and relevant exemptions.
Henry L. Mann, Schiff Hardin LLP, Chicago
Benetta Y. Park, J.P. Morgan Private Bank, Chicago
Christine R.W. Quigley, Schiff Hardin LLP, Chicago

11:00
 –
11:10

Quick Break

Quick Break

11:10
 –
12:10

The SECURE (“Setting Every Community Up for Retirement Enhancement” or “Sending Everyone Cowering Under Reduced Expectations”) Act and other Recent Developments in Estate Planning for Retirement Assets

The SECURE Act brought a sea change in estate planning for retirement benefits.  Understand the latest developments with respect to retirement assets and other recent happenings in this area. 
Elizabeth A. Garlovsky, Harrison & Held, LLP, Chicago
Robert K. Kirkland, Kirkland Woods & Martinsen LLP, Liberty, MO

Promissory Notes – Everybody is Doing Them, But are They Doing Them Correctly? Opportunities to Maximize Related Planning Benefits and Minimize Corresponding Risks

Learn about the opportunities loans may provide in the current environment and how to mitigate certain risks when making such loans.
Benjamin N. Feder, Strauss, Malk & Feder LLP,
Chicago
Carrie A. Harrington, Levenfeld Pearlstein LLC, Chicago

12:10
 –
1:00

Lunch Break

Lunch Break

 

1:00

2:15

Proper Care and Feeding of an Estate Plan: How to Prepare Better For Post-Death Administration of Estates and Trusts Long Before The Client Actually Dies

Once estate planning documents have been signed and assets have been retitled, clients may feel like they are “finished” with their planning. Typically, they put their documents in a drawer and assume that their executor or trustee will deal with everything post death. Understand the importance of organizing and updating asset and liability information, share ideas for dealing with tricky assets and minimizing the risk of family conflict, and review the importance of documenting certain wishes that may not be expressly written into the will or trust. Learn about effective communication techniques with and among the plan’s key stakeholders.
Fredrick B. Weber, Northern Trust, Chicago
Sheri E. Warsh, Levenfeld Pearlstein LLC, Chicago

What Did We Do Last Year? Post-Inauguration Planning Strategies (SLATs, GRATs, IDGTs, QPRTs and more!)

Many clients used specific estate planning techniques prior to year end based on projections about who would be President, the makeup of Congress, anticipated estate tax laws, and predictions about the economy and interest rates. Now that some of these issues are settled, we will review available estate planning techniques and discuss how to fix what we did and resolve client remorse.
Jonathan W. Michael, The Michael Law Group, P.C., Chicago
Gregg M. Simon, Much Shelist, PC, Chicago

2:15
 –
2:30

Break

                           Break

2:30
 –
3:30

Water the Family Tree: Adding Value for Clients

Learn how you can add value for your estate planning clients, by facilitating family meetings, governance and communication structures; family offices; and multi-generational plans across the wealth spectrum.
Katherine L. Opel, Weinheimer Opel Law Firm, PC, Edwardsville

Yin and Yang of Charitable Giving: Tax and Practical Aspects of Gifts To and Grants From Charities

Understand the tax and legal aspects of contributions to charitable organizations – and the use and distribution of those funds by the charities. Includes practical aspects of drafting related documents, such as gift acceptance policies, gift agreements investment policies and grant agreements.
Kevin Noonan, Much Shelist, PC, Chicago

3:30
 –
3:40

Quick Break

                           Quick Break

3:40

4:40

Can Trusts be Creditor-Proof?

Learn what you need to know about creditor rights and spendthrift trusts under Article Five of the Illinois Trust Code, and drafting and administering trusts for creditor protection.
Rebecca Wallenfelsz, Chapman and Cutler LLP, Chicago

Never Out of Style: Charitable Solutions for Today

Now is one of the best times to take advantage of charitable solutions to help clients make an impact in their communities, transfer value and values to their family, and manage their taxes. From affluent to ultra-high net worth, whether an artist, executive, professional, or inheritor, there is a charitable strategy to consider. With interest rates that recently trended to new lows and tax law changes such as the SECURE Act, advisors have a robust toolkit filled with both familiar and novel charitable planning solutions. Learn why many advisors are recommending charitable lead trusts, testamentary charitable remainder trusts, testamentary charitable gift annuities, and donor-advised funds to their clients now more than ever. This session examines how you can use these tools to help your clients meet their goals.
Don Gottesman, JD, LLM (Tax), The Chicago Community Trust, Chicago
Suzanne L. Shier, Levenfeld Pearlstein LLC, Chicago  

4:40 Adjourn

= IICLE® Publications Author

 

BONUS E-LEARN SESSION (access it through your online IICLE® account at your convenience)

Forrest Gump and the Practice of Law: Did you Know That Stress Reducing Techniques for Lawyers are Also Life Enhancing Strategies?
(1.0 Mental Health & Substance Abuse Professional Responsibility pending approval)
Life is stressful enough and law practice even more so.  Given all that has recently, it is more important than ever for lawyers to address their physical, mental and even spiritual health.  Lawyers who are healthy and happy are just better at what they do professionally.  This presentation will explore those issues and provide tips and thoughts on how to achieve work-life balance and improve health and satisfaction with life. 
Jason S. Ornduff, Harrison & Held, LLP, Chicago

Live Webcast
Live webcast on May 24th and 25th, 2021.
SKU: P9004-21W
$670.00

Monday, May 24 and Tuesday, May 25, 2021
Virtual Conference via Live Webcast

DAY ONE
Moderated By:   Pamela Lucina, Northern Trust, Chicago

8:00 — Log into the webcast via your account at www.iicle.com
8:50 — Opening Announcements

9:00 – 10:00 — Recent Developments in Federal Estate, Gift and Generation-Skipping Taxes
Karen Van Meter, McDermott Will & Emery LLP, Chicago

10:00 - 10:15 — BREAK 

10:15 – 11:15 — Federal Income Taxation for Estate Planning & Administration
Robert A. Romanoff, Levenfeld Pearlstein LLC, Chicago
Adam Garber, Levenfeld Pearlstein LLC, Chicago

11:15 – 12:15 — Illinois Law: Case Decisions & Trends
Ryan A. Walsh, Hamilton Thies & Lorch LLP, Chicago

12:15 – 1:00 — LUNCH BREAK

1:00 – 2:15 — FEATURED PRESENTATION: Estate Planning and Trust Administration Under the Illinois Trust Code: Top 10 Changes to How We Administer Trusts and/or Practice Law                                                
Now that we have been living with the Illinois Trust Code for over a year, hear from a practitioner and a trustee about lessons learned, pitfalls to avoid and suggestions to smooth the road ahead.
Natalie M. Perry, Harrison & Held, LLP, Chicago
Stacy E. Singer, Northern Trust, Chicago

2:15 - 2:30 — BREAK 

2:30 – 3:30 — Managing Your Estate Planning Practice in a Virtual World
(1.0 Professional Responsibility credit pending approval)
Connecting with clients and other professionals by phone or video conference has become the norm for most practitioners. A virtual estate planning practice presents new ethical concerns, security risks, and an increased likelihood of electronic wills. Learn how to effectively manage these new challenges.  
Lorraine Cavataio, Sandberg Phoenix, O’Fallon
Steven L. Kriz
, Levenfeld Pearlstein, LLC, Chicago                             
Ray Prather, Prather Ebner LLP, Chicago

3:30 – 4:30 — What Does Red-Lining Have to Do with Trusts and Estates?
(1.0 Diversity & Inclusion Professional Responsibility credit pending approval)
Few diverse lawyers are members of the trusts and estates bar and the pipeline is not particularly encouraging.  Learn more about the diversity challenges facing the trusts and estates bar and the unique impact of such challenges.  Also, get tips for increasing diversity in your practice (regardless of size) as well as in the trusts and estates bar more generally.  This engaging session will help you feel empowered to make a difference and leave a legacy.
Lindsey D. G. Dates, Barnes & Thornburg LLP, Chicago

4:30 — Adjourn Day 1

 

DAY TWO

TRACK ATRACK B

 

Moderator: David A. Berek, Baker & McKenzie LLP, Chicago

Moderator:  Kim Kamin, Gresham Partners, LLC, Chicago

8:45

9:45

Walking Through the Preparation of an Estate Tax Return and a Gift Tax Return

Review the steps for properly preparing and filing estate and gift tax returns, including valuation methods, valuation discounts, Section 2032A elections, Section 6166 elections, QTIP elections (including Illinois) and GST elections.
Beth K. Flowers, Mathis, Marifian & Richter, LTD., Edwardsville
Patrick B. Mathis, Mathis, Marifian & Richter, LTD., Belleville

Intersection of Alternative Investments & Estate Planning:  Taxation, Planning and Fiduciary Risk Issues

There are good reasons to hold alternative investments in trust and other estate planning vehicles, but these assets can be complicated and they present special risks for fiduciaries and beneficiaries alike.  Understand the characteristics of alternatives, the risks associated with them, and how the risks can be addressed in the estate planning process and in trust and estate administration.
David M. Allen, Katten Muchin Rosenman LLP, Chicago
David C. Blickenstaff, Schiff Hardin LLP, Chicago

9:45
 –
10:00

Break

Break

10:00

11:00

Know Your Tool Kit: How Planners Can Address Select Guardianship and Public Benefits Concerns

As life “happens” to our aging clients, their needs can change in unimaginable ways. Sometimes, they need protection from bad actors. Sometimes, they unwittingly become a bad actor. Sometimes, they have caregiving needs at great expense.  This session will cover the legal rules that you will face and the solutions you can offer when protecting clients in some of these circumstances.
Ray J. Koenig III, Clark Hill PLC, Chicago
Ben A. Neiburger, Generation Law Ltd., Elmhurst

Beyond Taxes: Securities Law Considerations for the Estate Planner

Explore various compliance requirements and planning alternatives from the perspectives of a corporate attorney, an estate planner, and a corporate fiduciary. Learn about practical application of securities law, emphasizing situations that repeatedly arise in the context of estate planning and trust administration, including: accredited investors and qualified purchasers; special provisions applicable to trusts and closely held entities;  information disclosure requirements and anti-fraud provisions; and registration requirements and relevant exemptions.
Henry L. Mann, Schiff Hardin LLP, Chicago
Benetta Y. Park, J.P. Morgan Private Bank, Chicago
Christine R.W. Quigley, Schiff Hardin LLP, Chicago

11:00
 –
11:10

Quick Break

Quick Break

11:10
 –
12:10

The SECURE (“Setting Every Community Up for Retirement Enhancement” or “Sending Everyone Cowering Under Reduced Expectations”) Act and other Recent Developments in Estate Planning for Retirement Assets

The SECURE Act brought a sea change in estate planning for retirement benefits.  Understand the latest developments with respect to retirement assets and other recent happenings in this area. 
Elizabeth A. Garlovsky, Harrison & Held, LLP, Chicago
Robert K. Kirkland, Kirkland Woods & Martinsen LLP, Liberty, MO

Promissory Notes – Everybody is Doing Them, But are They Doing Them Correctly? Opportunities to Maximize Related Planning Benefits and Minimize Corresponding Risks

Learn about the opportunities loans may provide in the current environment and how to mitigate certain risks when making such loans.
Benjamin N. Feder, Strauss, Malk & Feder LLP,
Chicago
Carrie A. Harrington, Levenfeld Pearlstein LLC, Chicago

12:10
 –
1:00

Lunch Break

Lunch Break

 

1:00

2:15

Proper Care and Feeding of an Estate Plan: How to Prepare Better For Post-Death Administration of Estates and Trusts Long Before The Client Actually Dies

Once estate planning documents have been signed and assets have been retitled, clients may feel like they are “finished” with their planning. Typically, they put their documents in a drawer and assume that their executor or trustee will deal with everything post death. Understand the importance of organizing and updating asset and liability information, share ideas for dealing with tricky assets and minimizing the risk of family conflict, and review the importance of documenting certain wishes that may not be expressly written into the will or trust. Learn about effective communication techniques with and among the plan’s key stakeholders.
Fredrick B. Weber, Northern Trust, Chicago
Sheri E. Warsh, Levenfeld Pearlstein LLC, Chicago

What Did We Do Last Year? Post-Inauguration Planning Strategies (SLATs, GRATs, IDGTs, QPRTs and more!)

Many clients used specific estate planning techniques prior to year end based on projections about who would be President, the makeup of Congress, anticipated estate tax laws, and predictions about the economy and interest rates. Now that some of these issues are settled, we will review available estate planning techniques and discuss how to fix what we did and resolve client remorse.
Jonathan W. Michael, The Michael Law Group, P.C., Chicago
Gregg M. Simon, Much Shelist, PC, Chicago

2:15
 –
2:30

Break

                           Break

2:30
 –
3:30

Water the Family Tree: Adding Value for Clients

Learn how you can add value for your estate planning clients, by facilitating family meetings, governance and communication structures; family offices; and multi-generational plans across the wealth spectrum.
Katherine L. Opel, Weinheimer Opel Law Firm, PC, Edwardsville

Yin and Yang of Charitable Giving: Tax and Practical Aspects of Gifts To and Grants From Charities

Understand the tax and legal aspects of contributions to charitable organizations – and the use and distribution of those funds by the charities. Includes practical aspects of drafting related documents, such as gift acceptance policies, gift agreements investment policies and grant agreements.
Kevin Noonan, Much Shelist, PC, Chicago

3:30
 –
3:40

Quick Break

                           Quick Break

3:40

4:40

Can Trusts be Creditor-Proof?

Learn what you need to know about creditor rights and spendthrift trusts under Article Five of the Illinois Trust Code, and drafting and administering trusts for creditor protection.
Rebecca Wallenfelsz, Chapman and Cutler LLP, Chicago

Never Out of Style: Charitable Solutions for Today

Now is one of the best times to take advantage of charitable solutions to help clients make an impact in their communities, transfer value and values to their family, and manage their taxes. From affluent to ultra-high net worth, whether an artist, executive, professional, or inheritor, there is a charitable strategy to consider. With interest rates that recently trended to new lows and tax law changes such as the SECURE Act, advisors have a robust toolkit filled with both familiar and novel charitable planning solutions. Learn why many advisors are recommending charitable lead trusts, testamentary charitable remainder trusts, testamentary charitable gift annuities, and donor-advised funds to their clients now more than ever. This session examines how you can use these tools to help your clients meet their goals.
Don Gottesman, JD, LLM (Tax), The Chicago Community Trust, Chicago
Suzanne L. Shier, Levenfeld Pearlstein LLC, Chicago  

4:40 Adjourn

= IICLE® Publications Author

 

BONUS E-LEARN SESSION (access it through your online IICLE® account at your convenience)

Forrest Gump and the Practice of Law: Did you Know That Stress Reducing Techniques for Lawyers are Also Life Enhancing Strategies?
(1.0 Mental Health & Substance Abuse Professional Responsibility pending approval)
Life is stressful enough and law practice even more so.  Given all that has recently, it is more important than ever for lawyers to address their physical, mental and even spiritual health.  Lawyers who are healthy and happy are just better at what they do professionally.  This presentation will explore those issues and provide tips and thoughts on how to achieve work-life balance and improve health and satisfaction with life. 
Jason S. Ornduff, Harrison & Held, LLP, Chicago

Products specifications
Program Date5/24 & 5/25/2021
Products specifications
Program Date5/24 & 5/25/2021
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