Leveraging Trusts as Collateral for Loans in Estate Planning

This presentation will address charitable estate planning techniques and strategies with an emphasis on the effective implementation of those techniques and strategies, post-death. It will cover legal and practical considerations for ensuring that charitable intentions are honored while complying with relevant laws and regulations. Key topics include structuring charitable gifts and bequests, tax implications, fiduciary responsibilities, and potential challenges associated with the post-death administration of charitable estates and trusts. The session aims to equip participants with the knowledge to plan for and administer charitable estates and trusts in a manner designed to ensure that the client's wishes are properly carried out and that the interests of the charitable and non-charitable beneficiaries are effectively protected. Originally presented as part of Estate Planning Short Course 2025.

This session will summarize the key tax and estate planning benefits that can be achieved by carefully incorporating a life insurance policy in a client’s estate plan. In addition, it will address the differences between term and permanent life insurance, determining who should be the owner and beneficiary of the life insurance policy, how best to fund a trust-owned life insurance policy, and avoiding the troublesome “transfer-for-value” rule.

Originally presented as part of the Estate Planning Boot Camp.

This session will focus on common estate planning mistakes that we should all avoid and will cover many topics, including taking advantage of portability, using the Illinois QTIP election and properly allocating GST exemption.

Originally presented as part of the Estate Planning Boot Camp.