Illinois Bar Journal

Articles on Estate Planning

ANATOMY OF A WILL: A Step-By-Step Guide

By Helen W. Gunnarsson
October
2009
Article
Page 506
A step-by-step primer on simple wills for newbies, litigators, and other will-drafting novices.

Winning at Darwin’s Game

By Katarinna McBride
August
2009
Column
Page 420
Survivor-style challenges and opportunities confront estate planners.

Five Wishes: “zero cases of litigation”

June
2009
Column
Page 274

Be Careful What You Wish For: Analyzing the “Five Wishes” Advance Directive

By Ray J. Koenig III & MacKenzie Hyde
May
2009
Article
Page 242
The popular Five Wishes document helps clients think about life issues. But don't use it in place of Illinois statutory forms, these authors argue.

Passing the Buck: Private Split-Dollar for Every Vocabulary

By Katarinna McBride
May
2009
Column
Page 262
Split-dollar agreements allow wealthy clients to use life-insurance trusts to avoid gift taxes and maximize estate value.

Illinois Estate Tax Planning in 2009 and Beyond

By Gary R. Gehlbach & Emily R. Vivian
February
2009
Article
Page 80
Beginning this year, the gap between the Illinois and federal estate tax widens. This article discusses the implications and makes the case for an Illinois QTIP.

Waiver of Minimum Required Distributions for 2009

By David A. Berek
February
2009
Column
Page 102
A new law lessens the impact of the market downturn on retirement accounts.

Estate Planning for FDIC Coverage

By Katarinna McBride
November
2008
Column
Page 590
New FDIC rules provide more protection for revocable trusts.

How to use Gifts to reduce Illinois estate taxes

By Robert J. Kolasa
November
2008
Article
Page 580
In 2009, federal and Illinois estate taxes will be "decoupled." Here's how estate planners can use gifts to help clients pay less.

New Preparer Standards For Estate, Gift Returns

By David A. Berek
February
2008
Column
Page 102
The standards and penalties long app-licable to income tax returns now apply to estate and gift tax filings.

Medicaid Planning in Illinois: Are You Ready for the DRA?

By Kirsten Izatt
November
2007
Article
Page 586
The Deficit Reduction Act of 2005 requires estate planners to devise new ways to protect the assets of clients who face long nursing-home stays. Illinois hasn't implemented the law, but it will.

Year-End Planning for Trust-and-Estate Clients

By David A. Berek
November
2007
Column
Page 606
It's not too late to implement some tax-saving strategies for your estate-planning clients.

Estate Planning for the Rest of Us

By Helen W. Gunnarsson
October
2007
Cover Story
Page 520
Most people don't have estates large enough to owe tax when they die. But they still need estate-planning advice.

POD and TOD accounts and your estate-planning arsenal

By Helen W. Gunnarsson
October
2007
LawPulse
Page 510
Payable/transfer-on-death accounts are handy probate-avoidance tools that can even be used to transfer real estate. Or can they?

What’s Great about GRATs?

By David A. Berek
August
2007
Column
Page 438
A look at how and why to use grantor retained annuity trusts.

Can lawyers patent their legal techniques?

By Helen W. Gunnarsson
July
2007
LawPulse
Page 342
A patent issued on an estate-planning technique has that bar buzzing.

Anna Nicole Smith’s Will

By Katarinna McBride
May
2007
Column
Page 270
Informal speculation about what becomes of Anna Nicole's estate.

Are Investment Advisory Fees 100-Percent Deductible?

By David A. Berek
February
2007
Column
Page 104
The federal circuits are split and the seventh circuit is silent.

New Pension Protection Act a Boon to Giving

By David A. Berek
November
2006
Column
Page 628
A new law lets age-70-plus taxpayers give up to $100K from their IRAs to charity.

Estate Planning for Disabled Adults: The Legal Framework

By Thomas A. Pasquesi
May
2006
Article
Page 242
A look at the standards that guide guardians and courts charged with making decisions on behalf of incompetent wards.

Legislation Would Reduce Confusion for Health Care, Property POA Agents

By David A. Berek
May
2006
Column
Page 262
Two important legislative proposals that estate planners should know about.

Higher Exclusion Limit Presents New Opportunities for Gifts to Minors

By David A. Berek
February
2006
Column
Page 94
A new law raised the gift tax ceiling: are you taking advantage for your clients?

Three New Illinois Laws Affect Estate-Planning Practice

By David A. Berek
November
2005
Column
Page 600
Find out more about Illinois estate-tax revisions, series LLCs, and the Disposition of Remains Act.

New limits for family limited partnerships

By Helen W. Gunnarsson
August
2005
LawPulse
Page 382
Casting a shadow over a popular tax avoidance device, a recent case disallowed an estate tax break for a decedent who maintained too much control over the business he transferred to his family limited partnership.

Taxes, Marital QTIP Trusts, and Anti- Apportionment Clauses

By David Berek
August
2005
Column
Page 418
It's time to revisit the language you've been using in QTIP trusts. 
Find out why.

Help Your Client Choose the Right Advance Directive

By Helen W. Gunnarsson
June
2005
Cover Story
Page 284
Advance directives aren't as simple as most people think. Here's how to help clients tailor POAs and living wills to their wishes.

Is the Family LLC Still a Good Asset Protection Device?

By David Berek
May
2005
Column
Page 256
 Is a debtor's interest in a family LLC still beyond the reach of creditors?

Business Succession Planning: Lessons from True, Blount and Smith

By David Berek
February
2005
Column
Page 94
The IRS is taking a harder look at how the parties to buy-sell agree-ments for closely held businesses are calculating fair-market value.

New Small Estate, Anti-Lapse, Health POA Provisions

By David Berek
November
2004
Column
Page 601
A summary of three new estate-planning laws.

When Can A Disabled Surviving Spouse Renounce a Will?

By Thomas A. Pasquesi
June
2004
Article
Page 310
This article reviews the murky law of will renunciation by mentally incompetent surviving spouses.

Pages

Select a Different Subject