Letters of Engagement: How Recent Events Should Shape Your Practice

The legislation that originally created the Transfer on Death Instrument became law in 2012. It is codified as 755 ILCS 27/1 et seq. (“The Act.”) This statute was amended in 2015. There is now a second amendment, Public Act 102-0068, which is effective January 1, 2022. Public Act 102-0068 is truly a major revision of the Act. Consider just a few of these new changes: The Act is no longer the Illinois Residential Real Property Transfer on Death Instrument Act because the Act is no longer limited to just residential real estate. Effective January 1, 2022, a spouse can now renounce a Transfer on Death Instrument and take his or her statutory share. Dick Bales has put together a comprehensive 26-page handout where he thoroughly discusses all the changes to the Act. When appropriate, he uses situational examples to better illustrate these changes. In addition, he has put together a list of what he feels are some areas of concern to both attorneys and title companies.

Advanced Topics in Property Tax: Reassessment Update, Exemptions Explained, and Proration Disasters

Michael Rooney reviews significant developments in caselaw. Topics covered include professional conduct, mortgage foreclosure, dissolution of marriage, Illinois Land Trusts, Mechanics Liens, and Tenancy by Entirety. The written materials include two very important features. First, some cases include a PRACTICE POINTER (and sometimes more than one) to reinforce how the holding in the case affects the practice of law. Second, we have included sufficient blank space following each case so attendees can make notes in the written materials.