Recent Developments in Federal Estate, Gift and Generation-Skipping Taxes 2021

Federal Income Taxation for Estate Planning & Administration 2021

Drafting estate planning instruments for clients whose definition of family is one that is fluid and inclusive is more important than ever. Estate planning attorneys have traditionally been accustomed to drafting provisions that exclude family members but doing so without caution may invite a successful probate challenge or worse. In this interactive workshop participants will learn about: 1. Drafting for clients with chosen family, though their biological family members are alive, and no adoption ever took place 2. Designing provisions for Lawful Permanent Residents who have U.S. citizen children but who otherwise have primarily non-U.S. family. 3. Crafting provisions that address disproportionate gifting and that assist in avoiding probate and probate challenges

Now that we have been living with the Illinois Trust Code for over a year, hear from a practitioner and a trustee about lessons learned, pitfalls to avoid and suggestions to smooth the road ahead.