The newsletter of the ISBA’s Section on Trusts & Estates
Browse articles by year: 2015 (40)
Newsletter articles from 1999
Beyond the legalities
The membership of the Trusts and Estates Section of the ISBA is the second largest of any section.
A conversation with a client
A. The short answer is that I cannot answer until I know more about your family and financial circumstances, although I will say that you should at least have a simple will (everything to spouse, if she/he survives, otherwise to children) and if you have minor children, you want to name who will be responsible for them ("guardians") in your will. More importantly, you may need an estate plan.
Editor's note: This newsletter issue contains a compendium of recent Illinois estate and probate decisions prepared by Donald L. Metzger of Edwardsville, Illinois.
This issue is unusual from a couple of perspectives, none of which is really obvious to the reader.
This first issue of Volume 46 of the Trusts and Estates newsletter contains four articles.
Editor's note: This issue of the Trusts and Estates newsletter contains three interesting articles. The first article is by Deanne Morgan of Saint & Carmichael, P.C., Bloomington, Illinois.
Estate tax malpractice—PART I
Executors are increasingly willing to pursue malpractice claims against estate tax professionals, as witnessed by two recent cases, Stevenson v. Severs, 82 AFTR2d. Par. 98-6912 (D.C. 1998), and Johnson v. Sandler, Balkin, Hellman & Weinstein, 958 S.W.2d 42 (Mo.App.1998).
Estate tax malpractice—PART II
The diversity of malpractice claims includes loss of the marital deduction, loss of the alternative valuation option, loss of "less than fair value" valuation, failure of life insurance trusts, inadequacy of disclaimers, late payments, erroneous tax returns, inheritance tax returns, misapplied Clifford trusts, misuse of QTIP trusts, erroneous fiduciary income tax returns, and the like.
Package pricing for estate planners
All of us want a profile practice that provides professional service to clients. We also want time with our families, vacations, the opportunity to pursue hobbies.