Ordinarily, an estate is taxed based on the value of its assets as of the decedent’s date of death. But for federal estate tax purposes, an alternate valuation date could be selected if it results in both the gross estate and the estate tax being reduced. The alternate valuation date is the date six months after the date of death. Utilizing the alternate valuation date would thus necessitate the filing of a federal estate tax return. In his September Illinois Bar Journal article, “COVID-19, Death, and Taxes,” Richard Hirschtritt discusses whether an Illinois resident who owns publicly traded stock, commercial real estate with an Illinois situs, and/or a business that has been adversely affected by the COVID-19 pandemic and has died within six months prior to the onset of the COVID-19 outbreak is subject to state or federal estate taxes.
Practice News
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September 21, 2020 | Practice News
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September 15, 2020 |
Practice News
PILI will grant $312,000 to fund 60 law student interns at 30 public interest law organizations across Illinois during the 2020-21 academic year and the summer of 2021.
PILI’s Law Student Internship Program connects law students from across the country with public interest law agencies in Illinois and pays them for their work. Typically, Interns receive $6,000 for working 400 hours during the summer and $3,000 for working 200 hours over a semester. Interns can also receive law school credit for their Internship if first approved by both the student’s law school and agency.
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September 14, 2020 | Practice News
The Illinois Workers’ Compensation Act provides financial protection to employees whose earning power has been temporarily diminished or terminated due to a work injury. The system is designed to replace income lost when an employee suffers an injury. The Act also provides some protections for injured employees and specifically prohibits a retaliatory discharge for exercising workers’ compensation rights. But when do retaliatory discharge claims have merit? In Daniel C. Katzman’s September Illinois Bar Journal article, “Falling Into a Pink Slip,” Katzman explores protections provided to employees who are injured in their employment, the obligations employers have to injured employees, and what cases decided by Illinois courts have to say about the rights of the employer and injured employee.
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September 10, 2020 | Practice News
The Illinois Supreme Court announced today that its September Term will be held in-person in Springfield at the Illinois Supreme Court Building. The Court’s last Term in May was heard remotely via Zoom.
1 comment (Most recent September 17, 2020) -
September 9, 2020 |
Practice News
The Illinois Board of Admissions to the Bar recently announced that Illinois will engage in reciprocity with 11 other states and the District of Columbia when administering the remote bar exam on October 5-6.
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September 8, 2020 |
Practice News
The Office of the Illinois Secretary of State is seeking a deputy director for its administrative hearings department, based in Springfield, and an assistant general counsel for its vehicle services department, also based in Springfield.
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September 4, 2020 | Practice News
Despite the finality of the new federal Title IX regulations, uncertainty remains. The American Civil Liberties Union and others have challenged the Final Rule in court. Presidential candidate Joe Biden has vowed to overturn it if elected. State laws—including in Illinois—and even other federal laws require more stringent standards when addressing similar complaints. And the Final Rule has yet to be interpreted by U.S. Department of Education’s Office of Civil Rights and the courts. In her September Illinois Bar Journal article, “It’s Time for Title IX: New Rule, New Regime,” Jackie Gharapour Wernz provides a deep dive into the controversial new Rule.
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September 3, 2020 |
Practice News
The U.S. Small Business Administration has an urgent need for attorneys and paralegals to review and close SBA disaster loans. Real estate experience is a plus. Individuals waiting on bar results may apply. Attorneys must present a current bar card but may be licensed in any state.
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September 3, 2020 |
Practice News
Michael G. Bergmann, Executive Director of the Public Interest Law Initiative
Illinois Free Legal Answers is a virtual legal clinic where low-income Illinoisans can submit a question online to ask a pro bono lawyer for help with a civil legal issue. Volunteer lawyers then log onto the site at their convenience and answer questions waiting in the queue that they feel comfortable addressing. All of the interactions are through a website, so all that is needed is internet access and a device to be able to start helping people. Especially, during the COVID-19 pandemic, this is a great way to help those in need from the comfort and safety of your own home or office.
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September 3, 2020 |
Practice News
The U.S. Attorney's Office Central District of Illinois is accepting applications for an assistant United States attorney opening in its Criminal Division to be located in Springfield.
Applicants must be United States citizens or nationals; submit to a background investigation, credit and tax checks, and drug test; be registered for selective service, if applicable; and have a J.D. degree and active member of the bar (any U.S. jurisdiction).