New Normal in the Probate Division: Recent Developments & Lessons Learned-Litigating Disputed Estates and Trusts

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.

Understand recent developments in income tax matters and the impact on estate planning and administration.

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.