Instant Karma

Posted on April 9, 2024 by Celeste Antoinette Niemann

 Now that the Illinois Supreme Court in Estate of Coffman determined that the fiduciary relationship between the principal and their agent begins at the time the power of attorney is signed, attorneys should be cautious when advising clients in naming agents under property powers of attorney, explains Robert S. Held in his April Illinois Bar Journal article, “Instant Karma.”

ISBA Board of Governors – Vacancy in Underrepresented Seat

Posted on April 4, 2024 by Celeste Antoinette Niemann

The ISBA President-Elect will appoint a member to one of the under-represented seats of the Board of Governors at the May 17 meeting of the Board of Governors. The member appointed to this position will serve with full Board member privileges for a three-year term beginning the first day of the 2024 Annual Meeting in St. Louis, Missouri. 

Behind the Curtain

Posted on April 1, 2024 by Celeste Antoinette Niemann

 Log onto ISBA Central and search for “banks” and “POA.” Results will be populated with many discussions of attorneys who are problem-solving a bank’s rejection of a client’s power of attorney. As noted in the Illinois Bar Journal’s April cover story, “Behind the Curtain,” one prevailing theme of these discussions is that solving this problem is harder than it should be. In response to these and other conversations, the ISBA’s Trusts and Estates Section sponsored a CLE program last November to tackle the sometimes-fraught relationship between clients who want to protect and manage the assets of loved ones and banks standing in the way.