Statutory Amendments Affecting the Illinois Power of Attorney for Property – Boon or Bane for Estate Planning Attorneys?By Mia O. Hernandez & Jennifer Bunker SkerstonTrusts and Estates, December 2024Recently, lively discussion ensued among estate planning practitioner members of the Trusts and Estates Section on the ISBA Central Community discussion board regarding Public Act 103-0994, effective January 1, 2025, which amends the Illinois Power of Attorney Act to add and describe unreasonable and reasonable causes for a third party to refuse to honor powers of attorney for property. The impetus for the Act’s amendment was to redress the perceived problem that it is not uncommon for third parties to unreasonably reject powers of attorney for property.
Repose in PeaceBy David C. Thies, Daniel R. Thies, & Mia O. HernandezTrusts and Estates, October 2021The enactment of Illinois Senate Bill 2179 makes the six-year statute of repose for legal malpractice claims applicable to estate planning.
Note From the EditorsBy Colleen L. Sahlas, Jennifer Bunker Skerston, & Mia O. HernandezTrusts and Estates, September 2021An introduction to the issue from the editors.
Spot an error in your article? Contact Celeste Niemann at cniemann@isba.org. For information on obtaining a copy of an article, visit the ISBA Newsletters page.