Estate Planning & Probate

The 66th Annual Estate Planning Short Course continues a rich tradition of providing premier CLE offerings for Illinois estate planning attorneys. Learn about disclaimers, charitable giving with non-charitable irrevocable trusts, estate planning issues surrounding divorce litigation, complex probate and trust assets, special needs estate planning, fiduciary issues surrounding digital assets and much more!

Learn about the areas of overlap and differences between federal and Illinois estate tax law. Learn about challenges you might face if you have no federal estate tax but have an Illinois estate tax. The discussion will also include issues with establishing or changing domicile, structuring an estate plan to minimize Illinois estate tax, and questions you should ask your clients to avoid future Illinois estate tax problems.

Basis consistency (IRC §1014(f)) and new reporting requirements with regard to property the value of which is included in a decedent’s gross estate for federal estate tax purposes to be reported to the IRS on Form 8971 and provided to the recipients of the property on Schedules A (IRC §6035) were enacted July 31, 2015. This presentation will overview these new Code sections, the pending Proposed Regulations (and final regulations if issued prior to the presentation), and the new Form 8971 and Schedule A.

Proceed step-by-step through the basics of federal gift tax preparation, including calculation of tax due, gift tax splits, and filing procedure and deadlines. Sample completed forms are provided and discussed.

We will walk step-by-step through the basics of federal gift tax preparation, including calculation of tax due, gift tax splits, and filing procedure and deadlines. Sample completed forms will be provided and discussed.

Complete guide covering all you need to know and providing numerous forms for your trust administration practice.

Essential handbook providing the guidance needed to use revocable grantor trusts in clients’ estate plans.

A comprehensive guide to the estate administration process.

Avoid the traps of discipline or becoming a named defendant in litigation as we discuss your ethical obligations when representing clients with diminished capacity.

Fiduciaries, beneficiaries, and other interested parties often encounter circumstances necessitating a petition to a court of equity to modify or construe a testamentary instrument. This session discusses options under Illinois law to construe or modify irrevocable trusts and wills.