65th Annual Estate Planning Short Course

Monday, May 23 - Tuesday, May 24, 2022
Live In-Person at The iHotel in Champaign & Live Via Webcast

Registration Open Now -  Early Registration Advised - Seats in Champaign are Limited.

DAY ONE
Moderated By: David E. Braden, Yudell and Lonoff, LLC, Northfield

8:00                  Registration opens
Log in to 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    Sponsored by 
Learn about new law affecting this area in the last year.
Karen Van Meter, McDermott Will & Emery LLP, Chicago

10:00 - 10:15                     BREAK

10:15 – 11:15                    Federal Income Taxation for Estate Planning & Administration     Sponsored by 
Understand recent developments in income tax matters and the impact on estate planning and administration.
Adam Garber, Levenfeld Pearlstein LLC, Chicago 
Robert A. Romanoff, Levenfeld Pearlstein LLC, Chicago 

11:15 – 12:15                    Illinois Law: Case Decisions & Trends     Sponsored by 

Get up to date on new cases and Illinois legislation specifically applicable to estate planning, estate taxation, trusts, and more.
Ryan A. Walsh, Hamilton Thies & Lorch LLP, Chicago 

12:15 – 1:00                      LUNCH BREAK

1:00 – 2:15                         FEATURED PRESENTATION: A Practitioner’s Guide to the Illinois Trust Code – How to Address Common (and Not So Common) Issues     Sponsored by 

Jonathan W. Michael, The Michael Law Group, P.C., Chicago
Stacy E. Singer, Northern Trust, Chicago 

2:15 - 2:30                         BREAK

2:30 – 3:30                         The Spill on E-Wills: Key Considerations when Executing Electronic Wills
This presentation focuses on the Electronic Wills and Remote Witnesses Act and the recent amendments to the Illinois Notary Public Act, including practical tips for practitioners to consider when using Electronic Wills, Remote Witnesses and Electronic and Remote Notaries.
Reetu Pepoff, Northern Trust, Chicago
Ray Prather, Prather Ebner LLP, Chicago

3:30 – 4:30                         Planning with Permanent Uncertainty     Sponsored by 

How do we advise clients when each year seems to add more uncertainty to future estate planning techniques?  Learn about drafting and administration tools to manage potential change in the estate planning landscape, even when that change is unknown.

Jessica Birnbaum, Schiff Hardin LLP, Chicago
Carrie A. Harrington, Levenfeld Pearlstein LLC, Chicago

4:30       Adjourn Day 1

DAY TWO

Track A Moderator:
Grant R. Hendricks, Levenfield Pearlstein LLC, Chicago 

Track B Moderator:
Katherine L. Opel, Weinheimer Opel Law Firm, PC, Edwardsville

8:45 AM – 9:45 AM                        Breakout Session 1

Track A
Post-Death Administration of Estates & Trusts     Sponsored by 

Navigating the post-death administration of a loved-one’s estate or trust can be challenging, overwhelming and emotional for your clients. Learn the steps and processes for administering an estate or trust, discuss the obstacles that can arise in the administration, and how to overcome them.
Fredrick B. Weber, Northern Trust, Chicago 
Beth K. Flowers, Mathis, Marifian & Richter, LTD., Edwardsville

Track B

What Was That Tax Bracket? Federal Income Tax Rules for Trusts and Estates
This session provides an overview of the federal income tax rules for simple and complex trusts and estates and delves into structure and planning that may be available to minimize income taxes.
Rebecca Wallenfelsz, Chapman and Cutler LLP, Chicago 

9:45 AM – 10:00 AM                      Networking Break

10:00 AM – 11:00 AM                    Breakout Session 2

Track A

Spousal Lifetime Access Trust—Drafting Considerations, Gifting Strategy, and Potential Pitfalls    Sponsored by 

Having avoided the Congressional chopping block in 2021, Spousal Lifetime Access Trusts, or SLATs, continue to be a popular gift planning vehicle for married couples. This session will explore what makes SLATs so popular, with examples of many of the common provisions and drafting considerations for these trusts. In addition, this discussion will touch on maximizing clients’ gifting strategies through one or more SLATs, the reciprocal trust doctrine, the effects of divorce, and providing flexibility for changes in circumstances.

Joe Blumberg, Northern Trust, Chicago
Jessica L. Coutré, Levenfeld Pearlstein LLC, Chicago

Track B
Basics of Special-Needs Trusts, SSI & SSDI     Sponsored by 

Ben A. Neiburger, Generation Law Ltd., Elmhurst 

11:00 AM – 11:10 AM                    Quick Break

11:10 AM – 12:10 PM                    Breakout Session 3

Track A

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

Sponsored by  

Effective on January 1, 2020 (with a few minor exceptions), the SECURE Act brought a sea of change in estate planning for retirement benefits. This presentation will cover the latest developments with respect to the SECURE Act and other recent happenings in this area.
Robert K. Kirkland, Kirkland Woods & Martinsen LLP, Liberty, MO

Track B

Misplaced Trust: Court Intervention to Remedy Power of Attorney Misconduct     Sponsored by 

When an agent exploits their principal’s trust, legal action may be taken to remedy that breach of faith. Practitioners will learn procedural and substantive strategies to remove bad actors or invalidate powers of attorney within the guardianship forum.
Ashley C. Coppola, Clark Hill PLC, Chicago
Ray J. Koenig III, Clark Hill PLC, Chicago 

12:10 PM – 1:00 PM                       Lunch Break

1:00 PM – 2:00 PM                         Breakout Session 4

Track A

To Have and to HODL: Planning with Cryptocurrency Sponsored by    
This presentation will address fiduciary administration and estate planning considerations related to cryptocurrency including: planning ideas, practical tips and an overview of recent cryptocurrency developments.
James H. Cundiff, McDermott Will & Emery LLP, Chicago 
Elise J. McGee, McDermott Will & Emery LLP, Chicago 

Track B

Proactive Planning for Potential Disputes in Family Business Succession Planning
We are in the midst of the largest inter-generational transfer of wealth than at any other time in history.  In this session, we will identify and explore the various issues that arise in planning for the transition of a family business from the senior generation to the family members who are next in line.  Many of these challenges are ones that may not have been faced by previous generations, simply due to changes in societal norms.  By anticipating and planning for these potential issues, you will be better able to serve your family business clients.
Natalie M. Perry, Harrison & Held, LLP, Chicago 
Sally Venverloh, JP Morgan, Chicago

2:00 PM – 2:10 PM                         Networking Break

2:10 PM – 3:10 PM                         Breakout Session 5

Track A

Mulitstate Jurisdiction Over Trustees & Beneficiaries   Sponsored by  
Discuss legal and practical concerns relating to the determination of an Illinois court’s jurisdiction over out-of-state trust property, trustees, and beneficiaries.  Topics will include the distinction between, and necessity for, in rem and in personam jurisdiction, relevant statutes and constitutional law.  Practical solutions, pitfalls and the Illinois Trust Code will be discussed.
David M. Lutrey, Lesser Lutrey Pasquesi & Howe, LLP, Lake Forest 
Shawn McCullough, Harrison & Held, LLP, Chicago

Track B

Third-Party Claims Against Decedents Under the Illinois Trust Code
What happens to claims made against a decedent’s estate when probate is not open, but the decedent had a fully funded revocable trust?  Can creditors reach the assets of the revocable trust and what is the process from both the creditor’s perspective and the estate’s perspective? Get an in depth look at applicable provisions of Article 5 of the Illinois Trust Code, and how to properly evaluate different types of claims against the decedent’s estate and trust.
Sarah M. Barnes, Harrison & Held, LLP, Chicago 
Thomas G. Hamill, Harrison & Held, LLP, Springfield 

3:10 PM – 3:20 PM                         Quick Break

3:20 PM – 4:20 PM                         Breakout Session 6

Track A

Changes in the Practice - Generationally and Post-COVID    Sponsored by 
(1.0 Professional Responsibility pending approval)
Has the post-COVID-19 world widened the generational gap among attorneys? Featuring a range of panelists with a variety of years of experience, this session will explore how different generations interpret the recent changes to the practice of law and what changes may be here to stay.
Lorraine Cavataio, Sandberg Phoenix, O’Fallon 
Payton M. Heyen, Sandberg Phoenix, St. Louis
Edward Reilly, Sandberg Phoenix, Clayton

Track B

Firm Succession Planning - Practical Tips for Professionally Preparing Your Practice for Life’s Planned and Unplanned Transitions
(1.0 Professional Responsibility pending approval)
As estate planners we help our clients prepare for death but often fail to think about our own legal practices and firms as an asset that deserves planning. In our session, we will address the importance of creating a firm succession plan (and the professional responsibility to do so) as well as planning for other transitions including attorney leave (whether caused by happy or unhappy circumstances), sale of practices, and attorney transitions to new firms. We will examine a case study of a firm where decedent lawyer did not have a succession plan (and the resulting headaches and heartaches) and give practical suggestions for attendees including sample language to consider adding to firm engagement letters, internal policies and practical guides for succession planning, and provide attendees a succession plan template that can be adapted to fit the transition circumstances.
Patrick B. Mathis, Mathis, Marifian & Richter, LTD., Belleville 
Madeleine J. Minton, Harrison & Held, LLP, Chicago

4:30 Adjourn

  = IICLE® Publications Author

Important Information About Attending IICLE In-Person Events. IICLE® is following the guidance of the Centers for Disease Control regarding in-person events. We are fully committed to taking appropriate precautions to provide a safe and healthy environment for all participants. We encourage you to work with us in this endeavor. All protocols remain subject to change and will be in accordance with guidelines set forth by public health authorities at the time of the event as well as additional considerations, as determined by IICLE®, that may be necessary to ensure the health and safety of our attendees, volunteers, staff, sponsors, and guests.

By participating in an IICLE® in-person event, you agree to abide by and engage in certain health-and-safety beneficial conduct while participating in the event. This may include, but is not limited to, wearing a mask indoors when required, engaging in appropriate social distancing, and not attending the event if you are ill or have been recently exposed to COVID-19.

COVID-19 Protocols

The health and safety of all participants in IICLE® in-person events are of paramount concern. Due to the ongoing COVID-19 pandemic, IICLE® is implementing the following safety protocols for all in-person events until further notice.

Vaccination Requirements

Vaccinated Individuals. All participants in IICLE in-person events must complete an attestation at the time of registration (or upon request if such an attestation was not available at the time of registration) confirming that they have been fully vaccinated against COVID-19. The final dose of the vaccine must be administered at least two weeks prior to the start of the event. You may be asked to show your vaccination card at check-in.

Non-Vaccinated Individuals. Those who are not fully vaccinated must provide proof at conference check-in of a negative COVID-19 test result from a test taken within 72 hours prior to arrival at the event.

Non-Compliance. Any participant who cannot provide the required information, as described above, will be refused entry to the in-person event, and will be given access to watch the program via webcast and/or online on-demand. The standard cancellation and refund policy will apply and no refunds will be given for individuals who present themselves in person at the live event without having met the requirements of these COVID-19 protocols.

Masks

In accordance with CDC guidelines and public health mandates, IICLE® requires that all event participants wear masks whenever social distancing cannot be maintained, regardless of vaccination status.

Best Practices

IICLE® staff will execute the following best practices to help attendees stay healthy and to help reduce exposure and risk:

• Provide sanitizing and disinfection materials for general attendee use.
• Arrange seating for the event in an appropriately socially distanced manner.
• Work with event facilities to increase cleaning and disinfection in high-volume common areas.
• Monitor recommendations from local and federal public health authorities and adjust practices and procedures accordingly.
• Encourage participants to adopt best practices that are in their own best interest and in the best interest of all involved in IICLE® in-person events. >

All participants in IICLE® in-person events are asked to manage their own preparedness and behavior by engaging in the following best practices:

• If you are feeling ill prior to arriving at the event, please do not attend.
• Wear a mask whenever appropriate social distancing is not possible.
• While at the event, please wash your hands often with soap and water for at least 20 seconds, especially after using the restroom, before eating, and after blowing your nose, coughing, or sneezing.
• When appropriate, use an alcohol-based hand sanitizer with at least 60% alcohol.
• Avoid touching your eyes, nose, and mouth, and wash or sanitize your hands after doing so.
• Cover your cough or sneeze with a tissue then discard the tissue in the garbage.
• Disinfect personal items such as cell phones regularly.
• Consider the adoption of a no-handshake policy.
• Be considerate of fellow participants and exercise good judgment. Maintain social distancing whenever possible.
• Be kind to and patient with each other – the pandemic is stressful for all involved. If you are concerned that another participant’s behavior is not respectful of the need to maintain a healthy and safe environment, please notify an IICLE® staff member and we will address the situation appropriately.

No-Shows, Cancellations & Refund Policy

The standard IICLE cancellation policy applies. If you cancel 10 business days or more before the event, you will receive a full refund. No refunds will be issued after that deadline, but you will receive access to the entire program online on-demand as soon as it becomes available at no additional charge. We will also be happy to convert your in-person registration to a live virtual option, if available.