Panel of Current Developments: New Laws, New Regulations and How They Are Practically Applied

This session will provide attorneys with practical strategies for understanding the Illinois estate tax. Learn how recent developments impact estate planning in Illinois and explore techniques to help clients minimize tax liability while preserving wealth. The discussion will include calculation of the tax, considerations for residents and non-residents with Illinois property, and a brief discussion of the “Nowhere Man”: the Illinois generation-skipping transfer tax. Originally presented as part of Estate Planning Short Course 2025

Grantor trusts can play a pivotal role in your estate planning strategy. This session will cover the legal framework, tax implications, and strategic uses of grantor trusts, equipping attorneys with the knowledge to advise clients on wealth management and asset transfer while preserving control. Originally presented as part of Estate Planning Short Course 2025.

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.