Section Newsletters

Articles on Trusts & Estates

Income tax consequences for probate estates when resolving claims for less than the full amount By Derek M. Johnson Trusts and Estates, September 2018 Work with your estate representative clients to create an income tax-driven game plan for eliminating estate debt. 
Big bank versus little client: How to deal with unreasonable requests and demands By Michael J. Fleck Trusts and Estates, August 2018 It is commonplace for larger multi-state banks to give their customer the runaround when engaging in transactions involving powers of attorney, trust certifications, and small estate affidavits. As attorneys, we want these transactions to go as smoothly as possible without additional and unnecessary steps, forms, and costs.
3 comments (Most recent August 26, 2018)
Ethics Corner: Ethical issues in Illinois estate planning and trust/estate administration By Richard W. Kuhn Trusts and Estates, July 2018 An analysis of how Illinois Supreme Court Rule 1.6 impacts the practice of trusts and estates law. 
Four tips on avoiding trust & family breakdowns By Daniel P. Felix Trusts and Estates, July 2018 A case study providing lessons for how to make a trust work.
A summary of the Trusts & Estates Section’s February 2018 business meeting By Colleen L. Sahlas Trusts and Estates, May 2018 A summary of the February 2018 Trusts & Estates Section's business meeting, including subcommittee reports, legislative updates, case law updates, and more.
Who’s the client? By Sherwin D. Abrams Trusts and Estates, May 2018 In Estate of Hudson v. Tibble, the court considers whether counsel for the administrator of a decedent’s estate owes a duty to the estate.
2 comments (Most recent June 13, 2018)
Supreme Court upholds common law rule that self-settled trusts with spendthrift provisions are per se fraudulent and void as to creditors. Charity able to enforce pledge that donor wished to revoke By Edward J. Mitchell Elder Law, June 2013 A summary of the recent case of Rush University Medical Center v. Sessions.
Webinar opportunity: After the Fiscal Cliff – Roller Coaster or Merry Go Round? By Tracy S. Dalton Trusts and Estates, January 2013 Following a hectic time in Washington, Congress passed the “American Taxpayer Relief Act” on January 1, 2013. The Act prevents many of the tax increases that were scheduled to go into effect this year and retains many favorable tax breaks that were scheduled to expire. The Act also increases income taxes for certain high-income individuals as well as makes changes to the transfer tax system. The question remains as to whether or not major fiscal issues have been resolved since the Act extends sequestration until March 1st.
Department of the Treasury 2012-2013 Priority Guidance Plan Trusts and Estates, December 2012 The Department of the Treasury has released its 2012-2013 Priority Guidance Plan.
Do-It-Yourself Will kit—For a few dollars more By William L. Cleaver Elder Law, April 2003 Call me a glutton for punishment, but when I saw the ad in a recent Sunday news magazine for the Do-It-Yourself Will kit, I was sure that with the passage of time to further research and develop, the gaps I had found in past publications would have been filled in.
Educational expenses in Illinois: An analysis of §529 Plans in Illinois after EGTRRA By David A. Berek Trusts and Estates, December 2002 As Trusts and Estates practitioners, we advise our clients and their families not only on estate planning matters, but also life planning matters.
What did the testator really want? Trusts and Estates, December 2002 How would you distribute this estate?
Although an attorney’s fee may qualify as a trust administrative expense, it not be deductible for federal tax purposes By Edward Campell Trusts and Estates, November 2002 State law controls whether an attorney's fee is a valid administration expense payable from a trust's corpus, but federal law controls the federal tax implications.
The IDIT—What, why, how By Jay S. Goldberg Trusts and Estates, November 2002 In our world of acronyms, this has come to refer to the Intentionally Defective Irrevocable Trust--a trust so designed that it is excluded from the estate of the grantor but the grantor is, under the grantor trust rules, treated as the "substantial owner" and taxable on the income.
Odds and ends By Mark E. Zumdahl Trusts and Estates, November 2002 Private Letter Ruling 200234019 is a taxpayer friendly ruling which could apply in a future estate you handle.
Protecting charitable gifts By Marilyn Ratay Trusts and Estates, November 2002 In In re Estate of Lind, 734 N.E. 2d 47 (Ill. App. 2000), the Illinois appellate court protected a charitable devise from failing.
Recent developments in estate and gift tax By Michael L. English Trusts and Estates, November 2002 The tax court, in Christine M. Hackl, 118 T.C. No.14, ruled that gifts of ownership interests in a limited liability company did not qualify for the section 2503(b) annual gift tax exclusion where the ownership interests failed to confer substantial present economic benefits to the recipients.
Alternatives in administering a decedent’s assets By Jane Hartley Pratt Trusts and Estates, September 2002 Traditional estate administration includes either administration fully supervised by the court or the minimally supervised "independent administration."
Practice pointers By James K. Say Trusts and Estates, September 2002 Readers are advised that an excellent summary exists at the FDIC Web site, (www.fdic.gov), for avoiding mistakes in FDIC insurance coverage.
Recent decisions By James K. Say Trusts and Estates, September 2002 In re Estate of John R. Lundahl, Docket No. 2-01-0508, 2002 Ill. App. ___, July, 2002. A claimant to the estate, Elizabeth Gabel, had pursued payment arising from a 1990 agreed order.
From the editors Trusts and Estates, June 2002 We have three excellent articles authored by section council members. The first, by Franklin M. Hartzell, examines the details and requirements for the execution of estate planning documents.
Innocent spouse relief update By Robert Weber Trusts and Estates, June 2002 One would think that with the Tax Relief Credit issues, and the relief to victims of the September 11th terrorist acts, the IRS wouldn't have time to do much with respect to Innocent Spouse Relief, but they still managed to have a "full plate."
Practical considerations in the execution of estate planning documents—beware of the bomb By Franklin M. Hartzell Trusts and Estates, June 2002 In the execution of estate planning documents, whether you believe the execution to be such that the instrument or instruments are contest proof or you have concern that the documents might be contested, certain safeguards should be established.
Recent decisions By Mark E. Zumdahl Trusts and Estates, June 2002 Hurst v. Hurst, decided by the Fourth District Appellate Court under Case No. 4-01-0528, gives us a little bit of everything. Chuck Hurst died in June, 1998. He had two children by his prior marriage, Lori and Todd.
From the editors Trusts and Estates, April 2002 We begin with an article by section council member Thorpe Facer on the Garrett case, which was reviewed in the prior newsletter.
Garrett revisited By Thorpe Facer Trusts and Estates, April 2002 In Re Estate of Pearl Garrett, No. 3-01-0066, (2001 Ill. App. Lexis 748), decided by the Third District on September 21, 2001, and briefly summarized in a previous newsletter, is interesting enough to examine in more detail.
Practice tips By James K. Say Trusts and Estates, April 2002 The Victims of Terrorism tax Relief Act (P.L. 107-134) was signed into law by President Bush on Jan. 23, 2002. The Act provides income and estate tax benefits to victims of the Oklahoma City bombing, the September 11 attacks, and the anthrax attacks.
Recent decisions By James K. Say Trusts and Estates, April 2002 The Society of Lloyd's v. Estate of John William McMurray & Harris Trust and Savings Bank, ___ F. 3rd ___, No. 01-1965, 7th Cir, December 11, 2001. McMurray was one of the individual underwriting members of Lloyd's, also known as "Names."
Recent developments in estate and gift tax By Michael L. English Trusts and Estates, April 2002 The Chief Counsel's Office in Legal Memorandum 200141013 addressed the issue of a refund of estimated estate tax paid with a request for an extension of time to file a federal estate tax return.
Special trusts By Michael C. Wiedel Trusts and Estates, April 2002 In estate planning as well as asset management, the dilemma of the adult disabled child often presents itself.

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