Live Webcast
Tuesday, February 18, 2025
1:30 – 2:35 p.m.
1.0 hour MCLE credit
Challenging assets can be anything from tax deferred assets, to non-Illinois situs assets, to assets not easily divisible between spousal trusts, and more. Join us for this in-depth look at the strategies you can use to address taxable estates in Illinois that have challenging assets. Trusts and estates lawyers, elder law attorneys, general practitioners, and federal tax lawyers with intermediate practice experience who attend this online program will learn:
- How to handle estates with less-than-ideal assets to maximize utilization of estate tax exemptions, including the use of disclaimers;
- How to balance federal planning with Illinois estate tax planning (portability vs. equalization);
- The options for dividing and/or equalizing assets between spouses or spousal trusts for assets that are not divisible or are tax deferred vehicles; and
- The barriers and potential workarounds for taxable estates having mostly challenging assets, such as retirement accounts, profit sharing plans, closely held businesses, or illiquid assets.
Colleen L. Sahlas, The Law Offices of Hoy & Sahlas, LLC, Oak Brook
Program Chat Moderator:
Melissa Johnson, Generation Law, Elmhurst
Program Speakers:
Lauran L. Stevenson, Chapman and Cutler LLP, Chicago
Rebecca Wallenfelsz, Chapman and Cutler LLP, Chicago
Original source can be found here.