State can’t dun surviving spouse’s estate for nursing home billBy Helen W. GunnarssonAugust 2006LawPulse, Page 398The Illinois Supreme Court ruled that the state can't seek reimbursement for long-term care from a surviving spouse's estate, making the revocable living trust an even more attractive estate-planning tool.
Trust transparencyBy Helen W. GunnarssonJune 2005LawPulse, Page 274Members of an ISBA e-mail discussion group agree that despite a trustee's reluctance, beneficiaries are entitled to see trust instruments that confer benefits upon them.
Posthumous pet protection provisionsBy Helen W. GunnarssonAugust 2004LawPulse, Page 390A new statute validates trusts for the benefit of pets, but what provisions should pet trusts include? Here are suggestions.
Trusts for Domestic Animals are Valid; P.A. 93-0668June 2004Illinois Law Update, Page 292Effective January 1, 2005, the Illinois Trust and Trustees Act will acknowledge the validity of a trust for the care of one or more designated domestic or pet animals.
New law will help trustees avoid Hobson’s ChoiceBy Helen W. GunnarssonSeptember 2002LawPulse, Page 448SB 1697, now awaiting Gov. Ryan's signature, will make it easier for trustees of certain commonly used trusts to invest the principal so as to benefit both income and remainder beneficiaries.
Dynasty Trusts and the Rule Against PerpetuitiesBy Stephen M. Margolin and Mitchell D. WeinsteinMarch 1999Article, Page 134Dynasty trusts can be just the estate planning device your client needs, but take care not to run afoul of rule against perpetuities and the Internal Revenue Code.