IL Specific

Trusts, Estates & Probate

Illinois Trusts Guide

Credits Available
Credit Status Total
Illinois CLE Approved 6 Total
Missouri CLE Approved 6 Total
OnDemand
5 hours 57 minutes
Shannon Bauer Miloch
Mollie Whitehead
Shayla Maatuka
Eric Wilen
Elizabeth Johnson
With Shannon Bauer Miloch from Kilpatrick Townsend & Stockton, LLP + 4 others
Recorded May 28, 2025
Product ID 100053

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Overview

Explore the Building Blocks of Estate Plans

This practical introduction to trusts will help you build a better understanding of how they're chosen, created, and used. Break down the different types of trusts, the trust language used in drafting and case law, key tax planning and reporting issues, and essential trust administration tasks. Be prepared for specific challenges associated with various types of trusts by understanding their unique characteristics. Register today!

  • Master essential trust principles.
  • Explore top trusts currently in practice: their unique features, requirements, and uses.
  • Identify key revocable trust mistakes and get guidance for preventing problems.
  • Explore tax saving tactics tailored to unique client needs.
  • Get suggestions for the use of specific language in trusts.
  • Clarify the requirements for the formation of a special needs trust.
  • Come away with practical examples and trust language needed to put your new knowledge to use right away.

Abbreviated Agenda

  1. Introduction to Trusts: Main Terms, Concepts, Parties
  2. Revocable Living Trusts
  3. Irrevocable Trusts: Essential Uses and Key Provisions
  4. Other Unique Trust Structures of Note
  5. Taxation and Tax Consequences of Trusts
  6. Trust Administration Basics
  7. Special Needs Trusts (SNTs) Structures and Uses (With Sample Trust Language)
  8. Legal Ethics of the Trusts Practice

Related Topics

Product ID 100053

Credit Details

Credits Available
Credit Status Total
Illinois CLE Approved 6 Total
Missouri CLE Approved 6 Total
Select Jurisdiction
CLE

Agenda

All times are shown in

  1. Introduction to Trusts: Main Terms, Concepts, Parties

    1. Main Terms and Concepts Defined
    2. State and Federal Laws Governing the Creation and Administration of Trusts
    3. State and Local Tax and Property Laws Affecting Trust Drafting
    4. Who Are the Main Parties? Their Duties and Responsibilities to a Trust
    5. Clarifying Reasons for Drafting a Trust
    6. Deciding Which Type of Trust to Use
    7. Top Trust Uses for Non-Taxable Estates

  2. Revocable Living Trusts

    1. Testamentary vs. Revocable Trusts (and Pourover Wills)
    2. Drafting Tips and Samples
    3. Common Mistakes to Avoid
    4. Qualified Terminable Interest Trusts (QTIPs)
    5. Tax Consequences and Planning
    6. When a Revocable Trust Becomes Irrevocable

  3. Irrevocable Trusts: Essential Uses and Key Provisions

    1. Unique Features of Irrevocable Trusts
    2. Trust Language Review
    3. Types of Irrevocable Trusts and Their Uses

  4. Other Unique Trust Structures of Note

    1. Charitable Trusts
    2. IRA Trusts After the SECURE Act
    3. Generation-Skipping/Dynasty Trusts
    4. Medicaid Qualifying Income-Only Trusts (Miller Trusts)
    5. Pet Trusts
    6. Cabin Trusts
    7. Irrevocable Life Insurance Trusts
    8. NFA Gun Trusts
    9. Incomplete Non-Grantor Trusts

  5. Taxation and Tax Consequences of Trusts

    1. State and Federal Tax Laws Update
    2. Tax Reporting: Accounting vs. Distributable vs. Taxable Income
    3. Fiduciary Tax Returns
    4. Tax Basis in the Assets
    5. Tax Consequences of Trustee Investment, Distributions, and Other Activity
    6. Trusts Used for Tax Reduction
    7. Marital Trusts After ATRA and TCJA
    8. Grantor Trusts and Grantor Trust Status Toggling
    9. Trusts in Estate Administration

  6. Trust Administration Basics

    1. Trust Funding and Trust Assets Management
    2. Laws Governing the Administration of Trusts
    3. Administration Expenses and Trustee Compensation
    4. Distributions and Accountings
    5. Trust Modification, Decanting, and Constructive Trusts
    6. Common Disputes

  7. Special Needs Trusts (SNTs) Structures and Uses (With Sample Trust Language)

    1. The Types of Special Needs Trusts and Their Specific Purposes
    2. Who Can Be the Beneficiary
    3. Protecting Benefits Eligibility
    4. Drafting Tips and Sample Trust Provisions
    5. Maximizing Allowable Expenses

  8. Legal Ethics of the Trusts Practice

    1. Who is Your Client?
    2. Confidentiality in Third Party Communications
    3. Assessing the Client's Capacity
    4. Avoiding Fraudulent Transfers

Who Should Attend

This basic level online seminar is designed for the professionals involved in creating and administering trusts:

  • Attorneys
  • Accountants and CPAs
  • Trust Officers
  • Tax Managers
  • Wealth Managers

Speakers

Shannon Bauer Miloch
Shannon
Bauer Miloch
Kilpatrick Townsend & Stockton, LLP
Mollie A Whitehead
Mollie A.
Whitehead
WhiteheadFink Elder Law LLC
Shayla L Maatuka
Shayla L.
Maatuka
Maatuka Al-Heeti Emkes LLC
Eric R Wilen
Eric R.
Wilen
Brooks, Tarulis & Tibble, LLC
Elizabeth H Johnson
Elizabeth H.
Johnson
SPENCE | BRIERLEY, PC
Speaker bio
Shannon Bauer Miloch

Shannon Bauer Miloch

Kilpatrick Townsend & Stockton, LLP
Shannon Bauer Miloch

is an attorney at Kilpatrick Townsend & Stockton, LLP, formerly HMB Legal Counsel. She is a member of the firm's private client, trusts and estates group and focuses her practice on estate planning and administration. Representing executors and trustees in probate proceedings and estate administrations, Ms. Bauer Miloch helps clients handling accountings, investments, tax compliance and the other day-to-day aspects of serving as a fiduciary. She earned her B.A. degree, cum laude, from the University of Kentucky; her M.A.T. in secondary education, highest honors; and her J.D. degree from Loyola University Chicago. Ms. Bauer Miloch is a member of the Chicago Bar Association, Illinois State Bar Association and Women's Bar Association of Illinois. She is admitted to practice law in Illinois.

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Speaker bio
Mollie A Whitehead

Mollie A. Whitehead

WhiteheadFink Elder Law LLC
Mollie Whitehead

is a partner at WhiteheadFink Elder Law LLC in Chicago, Illinois. She has been representing clients in the areas of estate planning, probate, guardianships, Medicaid planning, elder law and trust administration for over seventeen years. Ms. Whitehead regularly handles probate and guardianship cases in Cook County Circuit Court. She is a former chair of the Serving our Seniors committee of the Chicago Bar Association, and currently volunteers with the Center for Disability and Elder Law.  Ms. Whitehead often speaks at legal education seminars for National Business Institute and Illinois Institute of Continuing Legal Education for the topics of probate, Medicaid planning and estate planning.  She earned her B.A. degree, magna cum laude and with honors, from Illinois Wesleyan University and her J.D. from American University, Washington College of Law, where she was a Dean's Fellow.

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Speaker bio
Shayla L Maatuka

Shayla L. Maatuka

Maatuka Al-Heeti Emkes LLC
Shayla Maatuka

has transitioned her solo law practice in Urbana to become a partner at Maatuka Al-Heeti Emkes LLC, where she currently serves as managing partner. With a robust background as an entrepreneur who has successfully launched four businesses, Ms. Maatuka combines her business and legal expertise. Her practice focuses on civil and commercial litigation, personal injury, workers' compensation, and business litigation. Ms. Maatuka has previously held positions on the boards of the East Central Illinois Women Attorneys Association, Executive Club of Champaign County and Champaign County Urban League. She earned her J.D. degree from the University of Illinois, and is admitted to practice law in Illinois and before the U.S. Northern and Central districts of Illinois Court.

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Speaker bio
Eric R Wilen

Eric R. Wilen

Brooks, Tarulis & Tibble, LLC
Eric Wilen

is an attorney with the Naperville Law Firm of Brooks, Tarulis & Tibble, LLC. His practice is focused on representing business owners and high net worth families in the areas of estate planning, business succession planning, wealth transfer planning and the administration and settlement of trusts and estates. Mr. Wilen has substantial expertise in many areas of the tax law ranging from advising start-ups on choice of entity issues, income tax issues for family controlled and closely-held entities, assisting with compliance on estate, gift and fiduciary tax returns and representing taxpayers in controversies with the Internal Revenue Service and other tax authorities. He earned his B.A. degree in finance from Michigan State University, Eli Broad College of Business. After undergraduate college, Mr. Wilen attended the Detroit College of Law (which is now known as Michigan State University College of Law), receiving his J.D. degree, cum laude. After law school, he pursued graduate legal studies at the New York University School of Law receiving an LL.M. degree in taxation. Mr. Wilen is licensed to practice in Illinois and Michigan. He has also been admitted to practice before the U.S. Tax Court and the U.S. District Court for the Northern District of Illinois. Mr. Wilen is a member of the DuPage County Bar Association, and a past president of the DuPage County Estate Planning Council. He is a frequent speaker on topics relating to the taxation of estates and trusts. Mr. Wilen is a long-time resident of Naperville and is very active in the community having served as the Board President of Senior Home Sharing, a non-profit organization, dedicated to providing seniors in DuPage County with an opportunity to live independently in affordable family-style homes. He also served as the Board Secretary for the Indian Prairie Educational Foundation, a non-profit organization, dedicated to providing enhanced educational programs for students in the Indian Prairie School District 204.

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Speaker bio
Elizabeth H Johnson

Elizabeth H. Johnson

SPENCE | BRIERLEY, PC
Elizabeth Johnson

is a senior associate with SPENCE | BRIERLEY, PC, where she focuses on the areas of estate, trust, and fiduciary litigation, as well as estate administration, and probate law. She is a member of Baltimore County Bar Association, Anne Arundel Bar Association, Maryland State Bar Association, as well as Association of Certified Fraud Examiners, International Association of Document Examiners, Anne Arundel Estate Planning Counsel, and Baltimore County Provider Council (professional community dedicated to improving lives of older adults). Ms. Johnson earned both her B.A. and J.D. degrees from the University of Illinois. She is admitted to practice in the state of Maryland.

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