The Illinois UPAA codifies the common law (and prior gaps in the Illinois common law) on powers of appointment and also provides a number of default rules. Learn what has changed, what has not changed and what is now addressed by the statute. Drafting tips under the Illinois UPAA will also be provided.
Credits: 1 General, 0 Diversity/Inclusion PR, 0 MH/SA PR, 0 Other PR
The New Illinois Uniform Power of Appointment Act
Rebecca Wallenfelsz, Chapman and Cutler LLP, Chicago
Originally presented as part of the 62nd Annual Estate Planning Short Course, available in its entirety as P9004-19U.