PRE-ORDER This handbook provides detailed guidance, including provisions to cover varying client matters, for drafting revocable grantor trusts as a key element of client estate plans.
PRE-ORDER
This handbook is a must-have resource for Illinois probate and estate planning lawyers who plan, draft, and administer revocable grantor trusts for their clients’ estate plans.
Topics covered include:
- the standard revocable grantor trust
- funding the revocable grantor trust
- planning for spouses and descendants
- planning for incapacity
- determination of the taxable estate
- tax aspects of trust administration
- drafting marital deduction and credit-shelter provisions
- S corporations and Illinois revocable grantor trusts
- trusts by citizens or residents for noncitizen spouses.
Also included are provisions that can be used to personalize a revocable trust for various client scenarios.
Elizabeth A. Garlovsky, Sarah M. Barnes, and Kimberly Harris-Browns, Harrison, LLP, Chicago
Chapter 1 — Overview of Revocable Grantor Trusts
Chapter 2 — Determination of the Taxable Estate
Chapter 3 — Planning for Spouses and Descendants
Chapter 4 — Drafting Marital Deduction and Credit Shelter Provisions
Chapter 5 — Tax Aspects of Trust Administration
Chapter 6 — Planning for Incapacity
Chapter 7 — Funding the Revocable Grantor Trust
Chapter 8 — Standard Revocable Grantor Trust Agreement
Chapter 9 — S Corporations and Illinois Revocable Grantor Trusts
Chapter 10 — Trusts by Citizens or Residents for Noncitizen Spouses (Qualified Domestic Trusts)
