Content Editor: Maryjo F. Pirages Reynolds Original Author Credit: Allison M. Huntley Trustees have numerous responsibilities surrounding trust administration. These duties range from filing tax returns to distributing trust assets. If the trust requires the trustee to distribute more than $4,000 worth of assets to a charitable organization, the trustee may be required to register […]
Maryjo Pirages Reynolds August 10th, 2016
Posted In: Trusts & Estates
By: Michael Jon Shalbrack Illinois recently adopted rules and regulations in connection with the Deficit Reduction Act of 2005 (DRA), which will directly impact planning for nursing home and long-term care for family members under Medicaid. These new rules, effective as of January 1, 2012, will likely make it more difficult to become eligible for Medicaid […]
Michael Shalbrack January 18th, 2012
Posted In: Trusts & Estates
By: Michael Jon Shalbrack An important part of the estate planning process includes the use of Durable Powers of Attorney (“POAs”), both for health care and property. POAs give someone else (the “agent”) the right to make decisions for you (the “principal”) or act in your place under certain circumstances. At a minimum, we suggest that […]
Michael Shalbrack July 21st, 2011
Posted In: Trusts & Estates