Introduction to Illinois Estate Tax

This session offers attorneys an overview of the Illinois Trust Code (ITC), highlighting its core provisions and practical implications for trust administration and estate planning. Gain insights into trustee duties, beneficiary rights, and recent changes that impact both new and existing trusts. Originally presented as part of Estate Planning Short Course 2025.

Dive into the world of acronym trusts and their role in advanced estate planning. This session provides an overview of Grantor Retained Annuity Trusts (GRATs), Charitable Remainder Annuity Trusts (CRATs), Charitable Remainder Unitrusts (CRUTs) and other acronym trusts, highlighting their unique features and strategic applications. Additionally, explore the reciprocal trust doctrine, its implications in estate planning, and how to structure trusts to avoid triggering unintended tax consequences. Originally presented as part of Estate Planning Short Course 2025.

Get to know the basics of Generation-Skipping Transfer (GST) taxation and how it fits into trust planning. Explore the mechanics of the GST tax, available exemptions, and practical strategies for structuring multi-generational wealth transfers. Originally presented as part of Estate Planning Short Course 2025.