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.
Small-trust-termination amendment gets mixed reviewsBy Helen W. GunnarssonDecember 2007Lawpulse, Page 622It’s good to allow trustees to terminate small trusts when fees are consuming income. But should income, rather than remainder, beneficiaries automatically get the proceeds?
State can't dun surviving spouse's estate for nursing home billBy Helen W. GunnarssonAugust 2006Lawpulse, Page 398The Illinois Supreme Court ruled that the state can't seek reimbursement for long-term care from a surviving spouse's estate, making the revocable living trust an even more attractive estate-planning tool.
Trust transparencyBy Helen W. GunnarssonJune 2005Lawpulse, Page 274Members of an ISBA e-mail discussion group agree that despite a trustee's reluctance, beneficiaries are entitled to see trust instruments that confer benefits upon them.