Trusts

PRE-ORDER This valuable guide assists attorneys in choosing the most effective means for protecting a client’s marital, family, and business assets.

This handbook is a guide to drafting irrevocable life insurance trusts and includes 16 forms that can be tailored to your clients’ needs.

The death of a client is the true test of how all the estate planning plays out. Understanding the nuts and bolts of the estate administration process can help you anticipate potential problems in your drafting. Cover how the attorney can help with the estate settlement responsibilities, tasks that will need to be completed and considerations for post-mortem tax planning.

Understand the various types of assets that pass outside of a will or trust, the mechanism of conveyance, and applicable law.

Ensure thoroughness in each stage of the planning process with a step-by-step checklist to help you avoid malpractice claims - from pre-engagement to document drafting to termination of representation.

Examine the basics of revocable trusts and then delve into various revocable trust structures and provisions that attorneys should consider for their clients.

Review the essential provisions and important aspects of wills.

Explore the art of choosing the right client, the importance and content of engagement letters, and the client communication that most of us probably don’t do well: the conclusion of representation letter.

Walk through the forms involved in estate planning, their purposes, and why you need to understand them.

Review updates to the Illinois Trust Code one year later. Topics covered include drafting and modifying trusts to permit beneficiaries, mandatory and elective provisions on notices and accounting, merger doctrine, tools for trust modification, and litigation protection provisions. This half-day program will conclude with a Q&A panel with our esteemed faculty.

Get tips for efficiently and effectively wrapping up post-death administration. Distributions, funding and more will be demystified.

Understand the post-death administration of transfer-on-death assets, life insurance, retirement plan assets, and JTWROS assets with a focus on situations complicating the administration and transfer of these assets.