Articles From Mary Cascino

Trust taxation and due process By Mary Cascino Trusts and Estates, February 2014 A summary of the recent case of Linn v. Illinois Department of Revenue.
Wake-up call: Wills and Supreme Court Rule 138 By Mary Cascino Trusts and Estates, January 2014 The Trusts and Estates Discussion Group recently brought up a very interesting discussion about Illinois Supreme Court Rule 138, parts of which are to take effect January 1, 2015.
Illinois legislative update: Power of attorney updates & alerts By Mary Cascino Trusts and Estates, June 2011 Recent updates to Property and Health Care Powers in Illinois.
Not just a bill By Mary Cascino Elder Law, June 2010 HB 6477, which revises the Illinois Power of Attorney Act to minimize abuses, has passed the Illinois General Assembly and is ready for the Governor to sign.
Not just a bill By Mary Cascino Trusts and Estates, May 2010 HB 6477, which revises the Illinois Power of Attorney Act to minimize abuses, has passed the Illinois General Assembly and is ready for the Governor to sign.
Stranger than fiction: The Illinois Attorney General wants trustees to WHAT! By Mary Cascino Trusts and Estates, June 2007 Under the Charitable Trust Act, 760 ILCS 55/1 et.al., the Attorney General requires an estate representative or a trustee of a trust to notify the Attorney General of charitable bequests in excess of $4,000. Failure to comply with the notice requirements could result in a fine ranging from $500 to $1,000 to be levied against the estate or trust.
Potential statutory conflict on disposition of remains By Mary Cascino Trusts and Estates, October 2005 A situation may arise in which there is a lack of direction for disposition of the remains of a decedent.
Discharge of personal responsibility for federal tax By Mary Cascino Trusts and Estates, August 2005 The executor or administrator who is "qualified and appointed and acting in the United States" may apply in writing for discharge of personal liability for the decedent's income and gift tax liabilities. IRC §6905(a) (referred to herein as "executor").
Prompt assessment of federal tax related to a decedent By Mary Cascino Trusts and Estates, June 2005 An executor or administrator of a decedent's estate can request a prompt assessment of a tax relating to returns filed by the representative of a decedent's estate, i.e., income tax of a decedent (Form 1040); estate income tax (Form 1041); and/or the decedent's gift tax (Form 709). (I.R.C. §6501(d)).

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