Continuing Legal Education

Real Estate Law Update – 2013

October 31, 2013
8:50 a.m. – 4:45 p.m.
6.00 MCLE hours, including 1.00 Professional Responsibility MCLE credit hours (PMCLE credit subject to approval)

Lindner Conference Center
(Located on the Northern Seminary Campus)
610 E. Butterfield Road
(map and directions)

Update your knowledge on the recently-enacted real estate-related
legislation and current case law that will impact your practice!

It is important that attorneys working in the real estate arena keep abreast of the ongoing changes and developments taking place in this important field of practice. Real estate lawyers, transactional attorneys, and commercial banking/bankruptcy practitioners – with basic to intermediate practice experience – attending this program will better understand:

  • The real estate issues that can arise during the dissolution of a marriage;
  • The economic development incentives being offered by municipalities throughout Illinois;
  • How the landmark Cypress Creek case has affected lien disputes;
  • Important tax issues that can affect real estate transactions;
  • The ethical and malpractice issues to consider when representing a client during a real estate case;
  • And much more!
Please Note: Prior to the program, you will receive a weblink via email allowing you to access the course materials prior to the program. You will also receive a copy of the course materials (for no additional charge) when you arrive at the program, but will need to check the appropriate box on the registration page letting us know if you prefer a flash drive or printed course book.


Program Coordinators:
Michael L. English
, Russell, English, Scoma & Beneke P.C., Princeton
Robert J. Duffin, First American Title Insurance Company, Warrenville
Myles L. Jacobs, Brumund, Jacobs, Hammel, Davidson & Andreano, LLC, Joliet
Ted M. Niemann, Schmiedeskamp, Robertson, Neu, & Mitchell, LLP, Quincy

Program Moderator:
Joel L. Chupack
, Heinrich & Kramer P.C., Chicago



8:50 – 9:00 a.m.  Welcome and Introductions
Joel L. Chupack
, Heinrich & Kramer P.C., Chicago

9:00 – 10:00 a.m.  Case Law Update
This comprehensive overview examines the real estate case law developments from 2012 through 2013.
Steven B. Bashaw, Steven B Bashaw P.C., Lisle
Joseph R. Fortunato, Momkus McCluskey, LLC, Lisle
Erica C. Minchella, Erica Crohn Minchella Ltd., Skokie

10:00 – 10:30 a.m.  Legislative Update
Get the updates you need regarding the real estate-related legislation that was passed during the 2013 legislative session.
Kenneth E. Davies, The Law Offices of Kenneth E Davies, Peoria

10:30 – 10:45 a.m.  Break (beverages provided)

10:45 – 11:45 a.m.  Real Estate Issues in Divorce
This segment examines the real estate issues that can arise in dissolution of marriage proceedings, as well as the related strategies and pitfalls to avoid.
Mary E. McSwain, Mary McSwain P.C., Wheaton

11:45 a.m. – 1:00 p.m.  Lunch (on your own)

1:00 – 2:00 p.m.  Economic Development Incentives: What’s on the Table?
This comprehensive overview examines a number of important economic development incentives, including tax increment financing agreements, sales tax rebate agreements, property tax rebates, and other incentives offered by municipalities throughout Illinois.
George D. Maurides, Maurides Foley Tabangay & Turner, LLC, Chicago

2:00 – 2:30 p.m.  New Developments in Lien Priorities
Don’t miss this discussion on the implications of the landmark Cypress Creek case in disputes between mortgage lien holders and other lien holders, as well as a look at related legislation.
Samuel H. Levine, Arnstein & Lehr, LLP, Chicago

2:30 – 2:45 p.m.  Break (refreshments provided)

2:45 – 3:45 p.m.  What a Real Estate Attorney Needs to Know about Taxes
This presentation offers a look at important tax issues that can affect your client’s real estate transaction, including: federal income; estate and gift tax provisions; depreciation; depreciation recapture; capital gains; tax-deferred exchanges under Code Section 1031; basis adjustments associated with estate and gift transfers; and more!
Edward J. Jarot, Dystrup, Hoster & Jarot, P.C., Joliet

3:45 – 4:45 p.m.  Ethics and Real Estate Malpractice*
This segment explores the ethical concerns and malpractice issues that can arise in real estate transactions.
Allison L. Wood, Legal Ethics Consulting P.C., Chicago


*Professional Responsibility MCLE credit subject to approval