A recent Illinois case that ruled unfavorably on the use of self-settled trusts, Rush Univ. Med. Center v. Sessions, ____ N.E. 2d ____, 2012 IL 112906, 2012 WL 4127261 (Ill, Sept. 20, 2012) (Rush U), has raised eyebrows from some advisors...
Court applies heightened form of scrutiny
Here’s an overview of what’s different
This gifting strategy can provide estate tax benefits without giving up access to policy cash value, if needed in the future
A range of useful resources for the trust and estate practitioner.
