Real Estate Law Update 2016

November 2, 2016
8:15 a.m. – 4:45 p.m.
6.50 MCLE hours, including 1.00 approved Professional Responsibility MCLE credit hours
Presented by Real Estate Law

Lombard
Lindner Conference Center
610 East Butterfield Road
(map and directions)

 

Stay up to date on current developments and trends in the real estate law arena with this full day seminar that offers a look at new legislation and case law, as well as best practices tips resulting from actual ARDC cases and discussions on a potpourri of interesting short topics! Commercial real estate attorneys, residential estate lawyers, and general practitioners with basic practice experience who attend this program will better understand:

  • The recent case law developments and real estate legislation that can impact your client;
  • The ethical issues raised by recent ARDC decisions;
  • Whether or not to recommend a trust in connection with real estate transactions;
  • How to advise clients on homeowner and commercial real estate insurance policies;
  • What to do when the seller fails to vacate the premises;
  • Damages to property that occur immediately prior to closing;
  • Contractor mechanic’s lien priority issues;
  • And more!

 

Program Coordinators:
Robert J. Duffin
, Attorney at Law, Joliet
Myles L. Jacobs, Castle Law LLC, Joliet
Ted M. Niemann, Schmiedeskamp Robertson Neu & Mitchell LLP, Quincy

Program Moderator:
Erica C. Minchella
, Minchella & Associates Ltd, Skokie

 

Agenda

8:15 – 8:30 a.m.  Welcome and Introductions
Erica C. Minchella
, Minchella & Associates Ltd, Skokie

8:30 – 9:45 a.m.  Case Law Update
This panel presentation discusses important Illinois real estate-related cases that were decided in 2015 and 2016, and includes our speakers’ best practice tips (in light of these cases).
Steven B. Bashaw, Steven B. Bashaw, P.C., Lisle
Joseph R. Fortunato, Momkus McCluskey, LLC, Lisle
Erica C. Minchella, Minchella & Associates, Ltd., Skokie

9:45 – 10:00 a.m.  Break (beverages provided)

10:00 – 10:45 a.m.  Legislative Update
Don’t miss this analysis of the real estate-related legislation that passed during the 2016 Illinois legislative session.
Bruno W. Tabis, Jr., Haskin Corrigan Tabis & Parravano P.C., Wheaton

10:45 – 11:45 a.m.  Recent ARDC Cases and Professional Responsibility Best Practices*
Topics include recent ARDC decisions and best practices regarding the ethical issues raised throughout these decisions.
Scott Renfroe, Attorney Registration & Disciplinary Commission, Chicago

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

1:00 – 2:00 p.m.  When Do I Recommend a Trust
This interactive panel presentation discusses whether you should recommend a trust in connection with real estate transactions, as well as how to address client concerns regarding the elements of inter vivos, testamentary, revocable, irrevocable, and land trusts. Additional topics include: asset confidentiality; beneficiary mental competency; ease of asset transfers of title; probate costs; and income/estate tax considerations.
Edward J. Jarot, Jr., Castle Law LLC, Joliet
A. Michael Wojtak, Tracy Johnson & Wilson, Joliet

2:00 – 3:00 p.m.  What to Advise the Client Regarding Real Estate Insurance
Learn how to advise your clients on homeowner and commercial real estate insurance policies, including various types of liability and casualty coverages and other terms/conditions, as well as related endorsements and the need for additional insureds and loss payees.
Philip J. Vacco, Vacco Law Office, Plainfield 
Myles L. Jacobs, Castle Law LLC, Joliet
Larry A. Stephens, Country Financial, Plainfield

3:00 – 3:15 p.m.  Break (refreshments provided)
Sponsored by the Illinois Bar Foundation

3:15 – 4:45 p.m.  Potpourri of Short Topics
This interactive segment examines unrelated real estate topics such as: immediately-prior-to- closing house damages; the seller’s failure to vacate the premises and other unanticipated closing issues; contractor mechanic’s lien priority issues (especially in light of recent case law); and expansion of the implied warranty of habitability regarding the sale of used homes.
Joel L. Chupack, Heinrich & Kramer P.C., Chicago
Kenneth E. Davies, Heyl, Royster, Voelker & Allen, Peoria
Myles L. Jacobs, Castle Law LLC, Joliet