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• Spousal Lifetime Access Trusts: A Practitioner’s Primer and Advanced Planning Considerations

  • When
    Tuesday, October 20, 2026
  •  
    7:15 AM - 9:00 AM
  • Location
    Room #1/Suite 357 on the third floor of the HuttleUp office at 1600 McConnor Parkway in Schaumburg, Illinois.
  • Spaces left
    5

  
  

  Michelle Hanlon, JD
  Principal
  Friedman + Huey Associates LLP 

  
  

  
  
  
  

  
  

  Christian Klaas, CPA, MST
  Partner
  Friedman + Huey Associates LLP

  
  

  
  
  

  Register Today!

  Join Michelle V. Hanlon, JD, and Christian Klaas, CPA, of Friedman & Huey Associates, LLP, for a practical discussion of Spousal Lifetime Access Trusts (SLATs). The presentation will address when a SLAT may be appropriate, the characteristics of an ideal client, key structuring and drafting decisions, and the advantages and trade-offs involved with this strategy. The presentation will also explore approaches to donor access, including distributions, loans, and swap powers, as well as grantor trust rules, tax-reporting considerations, and potential income and gift tax traps.
  

  
  Learning Objectives:
  Upon completion of this presentation, participations will be able to:

  • Explain the purpose, structure, and defining characteristics of a Spousal Lifetime Access Trust (SLAT), including situations in which a SLAT may be an appropriate estate planning strategy.
  • Analyze key SLAT design considerations, including trustee selection, powers of appointment, and the advantages and trade-offs associated with implementation.
  • Identify common income, gift, and grantor trust tax issues associated with SLATs and apply a planning framework to evaluate SLATs and alternative wealth transfer strategies for clients.

  Program Schedule:

  • 7:15 am – Check-in/Breakfast
  • 7:50 am – Welcome/Introductions
  • 8:00 am – Presentation and Q&A
  • 9:00 am – Announcements and Adjournment

  Target Audience:
  The target audience is financial planning professionals who advise clients who reside in the state of Illinois or non-residents who have exposure to the Illinois estate tax through ownership of Illinois real property. This could include tax and estate planning professionals as well as other financial planning professionals who manage client assets and advise on the balance sheet.

  Complexity Level:
  Intermediate-level presentation and assumes participants have a basic understanding of estate, gift, trust, and income tax concepts.

  C-E: 1-Hour CLE; CFP, and CPE Credits (approval pending)
  
  Location
  The meeting will take place in Room #1/Suite 357 on the third floor of the HuttleUp office at 1600 McConnor Parkway in Schaumburg, Illinois.

  Registration
  Registration closes on Friday, October 16. An email with a link to download the handout will be sent before the meeting.

  Sponsored by

  
  

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• Federal Permanence, Illinois Updates & Recent Cases: Estate Planning in 2026 and Beyond

  • When
    Tuesday, November 17, 2026
  •  
    5:30 PM - 8:30 PM
  • Location
    Rolling Green Country Club 2525 E Rand Road in Arlington Heights, Illinois
  • Spaces left
    50

  Register

  
  

  

  
  

  Edwin P. Murrow
  Estate Planning Co-Chair
  Estate + Trust Administration Co-Chair

  
  

  
  
  

  
  

  Monica J. Gurgiolo
  Estate Planning Co-Chair
  Estate + Trust Administration Co-Chair

  
  

  
  Following the One Big Beautiful Bill Act of 2025, the federal estate, gift, and GST tax exemption is “permanently” set at $15 million per person ($30 million for couples) beginning in 2026, eliminating the TCJA sunset and shifting much planning emphasis from transfer-tax avoidance to basis management, asset protection, and non-estate tax goals; Illinois retains its $4 million estate-tax threshold while expanding the small-estate affidavit limit to $150,000 (excluding vehicles), updating the power of attorney statute, and enacting medical aid-in-dying. We will examine recent cases, including Tax Court decisions such as McDougall and Lewis on QTIP trust modifications and beneficiary consents that can trigger unexpected gift-tax consequences, underscoring the need for careful review of existing plans and administration strategies.

  After attending this meeting, attendees will be able to do the following:

  • Explain the federal estate, gift, and GST tax exemption under the One Big Beautiful Bill Act and how it shifts planning emphasis toward basis management, asset protection, and non-estate tax goals.
  • Analyze recent Tax Court decisions on QTIP trust modifications and beneficiary consents and evaluate their gift-tax implications for existing plans.
  • Identify recent Illinois law changes affecting planning and administration.

  Overall, the presentation is designed to educate professional advisors on current and changing laws that will affect their advice to clients and their practice.

  Program Schedule

  • 5:30 pm – Check-in and Reception
  • 6:00 pm - Welcome/Introductions/Dinner
  • 6:30 pm – Presentation and Q&A 
  • 7:30 pm – Announcements and Adjournment

  Target Audience
  Professional advisors who advise clients on estate planning and estate and trust administration, including tax considerations in the planning and administration.

  Level of Complexity
  Intermediate (assumes base knowledge of estate planning and estate and trust administration). The program ranges from basic Illinois law updates to more complex federal tax concepts.

  C-E: 1-Hour CLE; CFP, and CPE Credits (approval pending)

  Location
  The meeting will take place at Rolling Green Country Club 2525 E Rand Road, Arlington Heights, IL 60004.

  Registration
  Registration closes on Thursday, November 12. An email with a link to download the handout will be sent before the meeting.

  Sponsored by

  

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