Continuing Legal Education

Estate Administration Boot Camp (CHICAGO)

October 25, 2013
9:00 a.m. – 4:30 p.m.
6.00 MCLE hours, including 0.75 Professional Responsibility MCLE credit hours (PMCLE credit subject to approval)
Presented by Trusts and Estates

Chicago
ISBA Chicago Regional Office
20 S. Clark St, Suite 900
(map and directions)


Master the basics of administering a decedent’s probate estate with this full-day seminar!


Follow along as respected estate planning practitioners guide you through the estate administration process – from the initial meeting with clients to closing the estate. Trusts and estate professionals with basic to intermediate practice experience who attend this seminar will better understand:

  • What needs to be discussed during the initial client meeting;
  • How to determine if probate is necessary or appropriate;
  • The appropriate procedures for locating heirs and legatees;
  • How to prepare an Affidavit of Heirship;
  • How to handle claims against the estate;
  • The tax consequences of distributions from the estate;
  • When to use disclaimers and Powers of Appointment;
  • How to create a plan for distribution;
  • How to avoid conflicts of interest; and
  • Much more!
Please Note: Prior to the program, you will receive a weblink via email allowing you to access the course materials prior to the program. You will also receive a copy of the course materials (for no additional charge) when you arrive at the program, but will need to check the appropriate box on the registration page letting us know if you prefer a flash drive or printed course book.

 

Program Coordinator:
Tracy S. Dalton
, BMO Harris Bank, N.A., Chicago

Program Moderators:
William R. Kuehn, Williston McGibbon & Kuehn, Barrington

 

Agenda

9:00 – 9:45 a.m.  First Meeting with the Client
This segment provides a general overview of what needs to be addressed throughout your first meeting with a potential estate administration client.
Daniel S. Ebner, Prather Ebner, LLP, Chicago

9:45 – 10:45 a.m.  To Probate or Not to Probate: Opening the Estate
Don’t miss this opportunity to explore the basic elements of opening a probate estate! Topics include: determining if probate is necessary or appropriate; client communications; procedures for contacting heirs and legatees; basic forms; anticipating will contests; and charitable beneficiaries. A discussion on the Illinois State’s Attorney and the Illinois Attorney General’s involvement is included.
Ray Koenig III, Clark Hill PLC, Chicago

10:45 – 11:00 a.m.  Break (beverages provided)

11:00 – 11:30 a.m.  Documenting Heirship
Learn how to identify and locate heirs in decedent probate estate cases – as well as how to prepare an Affidavit of Heirship – with this informative presentation.
William R. Kuehn, Williston McGibbon & Kuehn, Barrington

11:30 a.m. – 12:15 p.m.  Claims against the Estate / Managing Insolvent Estates
This segment focuses on the determination of known and potential creditors, publication of notices, notices to known creditors, ranking and resolution of claims, and what to do in an insolvent estate.
Timothy Ritchey, Peck Bloom LLC, Chicago

12:15 – 1:15 p.m.  Lunch (on your own)

1:15 – 2:00 p.m.  Income Taxes and Estate Taxes
Get the updates you need on the federal estate tax status and basic estate income tax issues, including estate form 1041. The tax consequences of distributions from the estate are also explored.
Philip E. Koenig, Law Office of Philip E Koenig, Rock Island

2:00 – 2:45 p.m.  Disclaimers and Powers of Appointment
Disclaimers and Powers of Appointment are two estate planning principles that every practicing trusts and estate attorney should understand. Join us for this in-depth look at how to recognize when to use disclaimers, as well as when Powers of Appointment should be considered in your client’s planning.
William A. Peithmann, The Peithmann Law Office, Mahomet

2:45 – 3:00 p.m.  Break (refreshments provided)

3:00 – 3:45 p.m.  Closing the Probate
This presentation explains the necessary steps for closing a probate estate, including: sending notices to interested parties; making sure creditor’s claims are resolved; creating a plan for distribution; and providing notice to beneficiaries of trusts. A discussion on local rules and an overview of the required forms are also included.
Richard P. Miller, Law Offices of Richard P. Miller, Arlington Heights

3:45 – 4:30 p.m.  Ethics in Estate Administration*
There are several ethical issues to consider when handling the probate estate of a decedent. This segment examines those considerations through an interactive discussion on the following topics: who the attorney represents, engagement letters, final letters, conflicts of interest, and keeping the executor/beneficiaries informed.
David M. Lutrey, Lesser Lutrey McGlynn & Howe, LLP, Lake Forest

 

*Professional Responsibility MCLE credit subject to approval