The Illinois QTIP Election to the RescueBy Robert J. KolasaDecember 2009Article, Page 612Big news for estate planners - the new Illinois QTIP lets clients use the full federal exclusion without Illinois estate tax consequences.
Winning at Darwin’s GameBy Katarinna McBrideAugust 2009Column, Page 420Survivor-style challenges and opportunities confront estate planners.
Five Wishes: “zero cases of litigation”June 2009Column, Page 274We're flattered that authors Koenig and Hyde ("Be Careful What You Wish For: Analyzing the Five Wishes Advance Directive," IBJ May 2009) pored over our document, and as would a law student studying a model contract, found areas that might-could-maybe-potentially become a problem.
Illinois Estate Tax Planning in 2009 and BeyondBy Gary R. Gehlbach and Emily R. VivianFebruary 2009Article, Page 80Beginning this year, the gap between the Illinois and federal estate tax widens. This article discusses the implications and makes the case for an Illinois QTIP.
Medicaid Planning in Illinois: Are You Ready for the DRA?By Kirsten IzattNovember 2007Article, Page 586The Deficit Reduction Act of 2005 requires estate planners to devise new ways to protect the assets of clients who face long nursing-home stays. Illinois hasn't implemented the law, but it will.
New limits for family limited partnershipsBy Helen W. GunnarssonAugust 2005Lawpulse, Page 382Casting a shadow over a popular tax avoidance device, a recent case disallowed an estate tax break for a decedent who maintained too much control over the business he transferred to his family limited partnership.