CHICAGO ESTATE PLANNING COUNCIL

This presentation will discuss powers of appointment and disclaimers in the drafting process and during trust administration. The content will cover the foundation of using powers of appointment in your drafting and explore more advanced considerations around asset protection and tax planning. We will also review the impact of powers of appointment on the trust administration process along with effective use of disclaimers.

Learning Objectives –

You will learn: the rules of drafting effective powers of appointment in Illinois; the estate tax considerations inherent in using powers of appointment; the affect of powers of appointment on asset protection; the rules for effectively using qualified disclaimers.

Course Level: Intermediate