A comprehensive program designed to enhance your understanding of Illinois real estate title procedures. First, delve into critical topics such as title and wire fraud, what's new in TODI's presented by Dick Bales, and the strategic use of entities. The later sessions focus on insights from practitioners in estate planning, succession planning, family law, and effective strategies for enforcement. Conclude the program by learning to maximize the benefits of the Illinois Land Trust for your clients. Equip yourself with the skills to navigate real estate transactions successfully.
Purchase Individual Sessions HereCredits: 6 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
Recorded: February 29, 2024
Title & Wire Fraud Update
Discover the latest defenses against evolving threats in real estate transactions. Learn to recognize warning signs of seller impersonation, navigate recommended and cautionary RIN and RON services, verify tax bill authenticity, and assess fund transfer risks. Gain insights from recent cybersecurity incidents and adopt proactive measures for enhanced security. Stay ahead of emerging fraud tactics, adopting new protective methods, and extract practical lessons from real-life horror stories.
David Lanciotti, Chicago Title Land Trust Company, Chicago
Pierre Priestley, Investment Property Exchange Services, Inc., Chicago
TODI’s: What’s New and What’s Not
Covering the statute's history, recent amendments, and execution nuances for joint tenants, the session navigates recording essentials and beneficiary acceptance. Understand TODI's impact on probate/intestate succession, explore revocation formalities, and tackle complexities like disclaimers and trust beneficiaries. Stay current with insights into any recent TODI-related cases. This session delivers vital updates for real estate practitioners to enhance their understanding of TODIs in estate planning.
Dick Bales, Proper Title, Naperville
Using Entities: Which One(s) and Why
A concise exploration of choosing and managing entities in real estate transactions. Navigate the suitability of corporations, partnerships, LLCs, Series LLCs, and REITs based on client goals. Gain insights into property management and transfer decisions, and touch on key taxation considerations. Explore potential traps during entity abandonment, reinstatement ease, record-keeping requirements, and the nuances of transferring interests versus titles. This session provides practical guidance for real estate practitioners navigating entity choices and challenges.
Julie Workman, Saul Ewing LLP, Chicago
Real Estate Titles from the Estate Planning Perspective: Best Practices and Avoiding Pitfalls
Explore the intricate intersection of Real Estate Titles and Estate Planning and Administration. Delve into clients’ common estate planning goals for real estate and the best instruments & tools to carry out those goals. Be wary of titling or transfers to multiple beneficiaries having shared ownership rights and responsibilities in real estate, which often leads to dispute. Uncover pitfalls and misconceptions with living trusts, land trusts, joint tenancy with non-spouses, and transfer on death instruments (such as accidental disinheritance, exposure of assets to waste or creditors, unequal inheritances among beneficiaries, and more). Gain insights into the best practices for streamlining the transfer of real property to address a client’s (and client’s spouse’s) future disability and death. Learn the benefits of selling real estate during probate and trust administration, and which legal document/instrument to prepare and record. Obtain practical knowledge and real-world examples to enhance your proficiency and deliver optimal client outcomes.
Colleen Sahlas, Law Offices of Hoy & Sahlas, LLC, Oak Brook
James Cerami, Cerami Law Firm, LLC, Oakbrook Terrace
Real Estate Titles from the Succession Planning and Family Law Perspectives: Best Practices and Avoiding Pitfalls
Delve into effective title examination strategies that align with succession planning goals and unravel the intricacies of real estate titles within the context of family law. Navigate the complexities of transferring property through succession planning and gain valuable insights into optimizing family law considerations related to real estate assets. From probate implications to marital property considerations, leave equipped with the tools needed to navigate the intricate web of real estate titles within the broader realms of succession planning and family law.
Genevieve E. Miller, Singewald Law Firm, Chicago
Ted Niemann, Schmiedeskamp Robertson Neu & Mitchell LLP, Quincy
The Creditor’s Perspective on Enforcement and Collections
Essential insights into effective strategies for enforcement and collections from the creditor's standpoint. Gain practical knowledge on navigating legal nuances, optimizing collection efforts, and ensuring efficient enforcement procedures. This session is designed to equip practitioners with key tools and perspectives vital for success in the realm of creditor rights.
Cindy Johnson, Johnson Legal Group LLC, Chicago
The Illinois Land Trust: Maximizing Benefits for Your Client
Acquire strategies for maximizing the benefits of the Illinois Land Trust. Gain practical insights, navigate legal intricacies, and equip yourself with valuable tools to optimize outcomes for your clients involved in land transactions in Illinois.
Kelli Beyer, Chicago Title Land Trust Company, Chicago
