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Description

Breakout Session 1
8:45 AM – 9:45 AM

Track A
Introduction to Estate Planning Practice
SPONSORED BY: LIFE’S PLAN
Maribeth G. Berlin, Levenfeld Pearlstein, LLC, Chicago
Carrie A. Harrington, Levenfeld Pearlstein LLC, Chicago

Track B
Post-Death Estate Fixes
• Disclaimers
• QTIP elections
• Beneficiary Designations
• Irrevocable Trusts
Soffia Kuehner Gray, McDermott Will & Emery LLP, Chicago

9:45 AM – 9:55 AM                         Transition

Breakout Session 2
9:55 AM – 10:55 AM

Track A
Fundamentals of Estate Plan Drafting
Victoria L. Cejka, Harrison LLP, Chicago
Thomas G. Hamill, Harrison LLP, Springfield

Track B
Move It, Move It: Considerations for Estate Plan Clients Relocating to or from Illinois
This session will cover a review of matters relevant to clients moving out of Illinois, including estate taxes, trust law and POA matters, as well as issues that new Illinois residents should consider in those same areas when they enter our borders.
Katherine L. Opel, Opel Bash Group, Edwardsville

10:55 AM – 11:15 AM                   Networking Break

Breakout Session 3
11:15 AM – 12:15 PM

Track A
Introduction to IRAs
This session will help estate planners understand and advise on a variety of topics impacting nearly all clients with individual retirement accounts. Issues include tax deferral during the owner’s lifetime, required minimum distributions, qualified charitable distributions, beneficiary selection and beneficiary designations, spousal rollovers, and inherited IRAs.
Joseph N. Blumberg, Northern Trust, Chicago

Track B
The Sun That Rises Also Sets - Tax Planning in Anticipation of Tax Cuts and Jobs Act 2025 Sunset
The December 31, 2025, sunset of many of the provisions of the 2017 Tax Cuts and Jobs Act which impacts private clients is quickly approaching. Who will the sunset affect and how will it affect them? What can we do to navigate the uncertainty of the 2024 election year and the 2024 Corporate Transparency Act developments, followed by the anticipated 2025 year-end reversion to lower gift, estate, and generation-skipping transfer tax exclusions and shifts in tax rates and deductions for individuals and businesses? We will provide practical insights and strategies in advising our clients and managing our practices in the upcoming season of transition.
Stephen I. Pratt, Levenfeld Pearlstein, LLC, Chicago
Suzanne L. Shier, Levenfeld Pearlstein, LLC, Chicago

12:15 PM – 1:15 PM                Lunch Break

Breakout Session 4
1:15 PM – 2:15 PM

Track A
Introduction to Illinois Estate and Trust Administration
This session will provide an overview of the estate and trust administration process in Illinois, from client intake to closing the estate or trust. The information provided will be tailored to attorney’s who have been licensed for 0-5 years, with more focus on the simpler estate and trust administration scenarios.
Lorraine K. Cavataio, Sandberg Phoenix, O’Fallon
Nathan Levy, Sandberg Phoenix, St. Louis

Track B
Who’s the Trustee?
• how to correctly draft trustee succession provisions
(considering unintended vacancy of office of co-trustees)
• how to change trustee succession of irrevocable trusts (NJSAs, decanting)
• Incapacity of trustees
Shawn M. McCullough, Harrison LLP, Chicago

2:15 PM – 2:25 PM                   Transition

Breakout Session 5
2:25 PM – 3:25 PM

Track A
Foundations and Frontiers in Illinois Estate Planning, Administration, and Litigation
This presentation will provide an introduction and discussion of variety of topics needed to navigate the complexities of estate planning, administration, and litigation within Illinois. We will delve into both the foundational principles and the nuances of guardianships, probate and trust litigation, special needs trusts, certain intricacies of the Illinois Trust Code, and issues related to Illinois estate tax issues.
Elizabeth A. McKillip, Levin Schreder & Carey, Ltd., Lisle and Chicago
Heather McPherson, McPherson Law Offices, Freeport

Track B
Drafting Tips to Avoid Litigation
• Personal property provision
• limiting disclosure of the full trust under 813.1
• use of trust protector
Robin D. Maher, Levin Schreder & Carey Ltd., Chicago
Julie S. Pleshivoy, Taft Stettinius & Hollister LLP, Chicago

3:25 PM – 3:35 PM                        Transition

Plenary Session
3:35 PM – 4:35 PM

Understanding the Role Religious Diversity Plays in Your Clientele and in Your Practice
(1 diversity and inclusion professional credit)
Moderator: Katherine L. Opel, Opel Bash Group, Edwardsville
Ross A. Wantland, MEd, University of Illinois Urbana-Champaign, Champaign

4:35                                      Adjourn