The Illinois State Bar Association Assembly approved a proposed rule on succession planning for lawyers during the 2018 Annual Meeting.
It would require all Illinois licensed private practice lawyers to name a designated representative on their ARDC registration documents or certify that they have made a similar designation in a succession plan or other valid document. The designated representative would have the authority to take limited fiduciary action in the event that the designating attorney dies, becomes disabled, disappears, or abandons the practice.