Bimonthly Membership Meeting
Wednesday, September 20, 2017, 7:30 am - 9:15 am
Highland Park Country Club
1201 Park Avenue, Highland Park, IL, 60035 | map
- Speakers: David M. Lutrey
- Topic: Battling Co-Trustees
- Doors open at 7:30 A.M. for a buffet breakfast and networking.
- Presentation Begins at 8:00 A.M., and adjournment will be by 9:15 A.M.
- To receive MCLE credit, please supply your ARDC number
- For CFP credit please provide your CFP ID
Overview of Presentation:
Parents are often tempted to name two or more children as co-trustees of their trusts in an effort to treat them fairly. However, there are many pitfalls in naming related co-trustees that can result in litigation. Mr. Lutrey will discuss a variety of circumstances that might be avoided by more thorough consideration of this issue at the drafting stage.
David M. Lutrey is a managing partner of the Lake Forest law firm of Lesser Lutrey Pasquesi & Howe, LLP. For the past 20 years, Mr. Lutrey has counseled individuals and corporate fiduciaries as a seasoned litigation attorney in the areas of trusts, estates, probate and guardianships. He appears regularly in the trial courts of Lake, Cook and McHenry Counties. Among his numerous appeals, he argued before the Second District Court of Appeals in the Estate of Weiland (2003), establishing the standard of proof for pay on death accounts in Illinois and in the Estate of Walsh (2012), establishing presumptions regarding claims in a decedent’s estate. Mr. Lutrey serves as an expert witness in matters concerning trusts and estates and represents financial institutions in the creation and implementation of trust and estate policy manuals, risk management strategies and employee training.
Mr. Lutrey assisted in drafting the current Illinois trust decanting statute, is a fellow of the American College of Trust and Estate Counsel (“ACTEC”) and is an adjunct professor at Loyola Law School in Chicago. He is a frequent author and speaker on topics related to estate planning, administration and litigation for the Illinois Institute of Continuing Legal Education (“IICLE”), the Chicago Bar Association, the Chicago Estate Planning Council, the Illinois State Bar Association and numerous financial institutions.
Mr. Lutrey was selected by Thompson Reuters as a “Super Lawyer” for the years 2014 through the present and by The Law Bulletin Publishing Group as a “Leading Lawyer” in 2016 through the present.