Continuing Legal Education

Estate Planning: Hot Topics (CHICAGO)

October 10, 2013
9:00 a.m. – 4:30 p.m.
6.00 MCLE hours

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

Are you a trust and estate professional, new attorney, financial planner, or accountant? Then don’t miss this hot topics discussion on a variety of estate planning issues! Designed for attorneys with all levels of practice experience, the seminar examines practical developments for estate planning practitioners and enhances your knowledge in a number of key areas, including:

  • The recent changes in Federal and Illinois estate planning law;
  • The ins and outs for irrevocable life insurance trusts;
  • Planning for disability;
  • How to use available domestic and extra-jurisdictional vehicles to mitigate threats to your client’s wealth;
  • The charitable planning choices and the rules for each type of gift; and
  • Same-sex planning.

ILETs - David M. Lutrey
Same Sex Planning - Raymond W. Prather

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



9:00 – 10:00 a.m.  Practical Developments for Estate Planning Practitioners
Get the updates you need regarding the recent changes in Federal and Illinois estate planning law, including a review of planning opportunities under the American Taxpayer Relief Act, the portability of the applicable exclusion amount for married couples, and the application of the 3.8% Medicare Surcharge to trusts and estates. Additional topics include the relatively new Illinois statutes regarding decanting of irrevocable trusts, Directed Trusts and administrative trustee clauses, and trust protector provisions.
David A. Berek, Handler Thayer, LLP, Chicago

10:00 – 10:15 a.m.  Break (beverages provided)

10:15 – 11:15 a.m.  Irrevocable Life Insurance Trusts
Estate planning attorneys might not recommend irrevocable life insurance trusts as often as they used to, but they’re still an important part of high net worth planning. This segment examines the uses for irrevocable life insurance trusts and their mechanics, estate and gift tax benefits, common drafting issues, funding the ILIT, and using withdrawal rights.
David M. Lutrey, Lesser Lutrey & McGlynn, & Howe, LLP, Lake Forest

11:15 a.m. – 12:15 p.m.  Planning for Disability
As the population ages, disability planning becomes more and more relevant to estate planning practitioners. Join us for an in-depth look at the use of long term care insurance, special needs trusts, and irrevocable trusts, as well as a compare/contrast discussion regarding the various vehicles so that practitioners are comfortable advising clients.
Ben A. Neiburger, Generation Law, Ltd., Elmhurst

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

1:15 – 2:15 p.m.  Asset Protection
Learn how to use available domestic and extra-jurisdictional vehicles to mitigate threats to your client’s wealth and assets with this informative presentation! Topics include: applying concepts, theories, and principles to achieve effective creditor protection; specific choice of entities; controlling documents; and favorable jurisdictions to achieve an effective and comprehensive protection of wealth.
William A. Ensing, Ensing Law Firm, Lake Forest

2:15 – 3:15 p.m.  Same Sex Planning
Don’t miss this important presentation that discusses the various state laws regarding same-sex relationships, as well as the effects of the Defense of Marriage Act and California’s Proposition 8 decisions from the Supreme Court. Estate planning strategies for Illinois’ same-sex families are also examined.
Raymond W. Prather, Prather Ebner, LLP, Chicago

3:15 – 3:30 p.m.  Break (refreshments provided)

3:30 – 4:30 p.m.  Charitable Planning
Get the tools you need to help your clients make informed charitable planning decisions! This segment offers a comprehensive look at the various charitable planning choices – including direct gifts to charity, donor-advised funds, private foundations, and supporting organizations – and examines the rules for each type of charitable gift. Using noncash assets for contributions is also discussed.
James A. Nepple, Nepple Law, PLC, Moline