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Modern Land Trusts in Estate Planning
Present changes in
land trust policy/law based on the book, MODERN LAND TRUST PRACTICE 2020
EDITION (IICLE
®, 2020) compared to the book, MODERN LAND TRUST PRACTICE 2020 EDITION (IICLE®, 2015). Legislative
and case law update covering recent statutory and case law relating to land
trust law and administration; specifically, the course will focus on changes
in land trust law and administration covered in the IICLE Modern Land Trust
Practice 2020 Edition. In particular, the class will cover the Land Trust
Beneficiary Rights Act; inapplicability of the new Illinois Trust Code to land
trusts; and recently decided cases regarding (i) the attachment of liens
against land trust property; (ii) the homestead exemption when property held
in land trust; (iii) death transfers and lapse issues; (iv) new legal and
administrative requirements for the execution of land trust loan documents;
(v) applicability of after-acquired title provision of Conveyances Act to
property conveyed into trust; (vi) the validity of conveyances made by a
beneficiary; and (vii) the distinctions between titleholder and owners of land
trusts. Finally, the course will also cover emerging issues in land trust,
such as Land Trust vs. TODI; use of land trusts as title fraud protection;
online privacy issues; and the remote execution of land trust documents.
David Lanciotti, Chicago Title Land Trust
Description
Modern Land Trusts in Estate Planning
Live Webcast on August 18, 2020 from 12:00 - 1:00 PM
Present changes in
land trust policy/law based on the book, MODERN LAND TRUST PRACTICE 2020
EDITION (IICLE
®, 2020) compared to the book, MODERN LAND TRUST PRACTICE 2020 EDITION (IICLE®, 2015). Legislative
and case law update covering recent statutory and case law relating to land
trust law and administration; specifically, the course will focus on changes
in land trust law and administration covered in the IICLE Modern Land Trust
Practice 2020 Edition. In particular, the class will cover the Land Trust
Beneficiary Rights Act; inapplicability of the new Illinois Trust Code to land
trusts; and recently decided cases regarding (i) the attachment of liens
against land trust property; (ii) the homestead exemption when property held
in land trust; (iii) death transfers and lapse issues; (iv) new legal and
administrative requirements for the execution of land trust loan documents;
(v) applicability of after-acquired title provision of Conveyances Act to
property conveyed into trust; (vi) the validity of conveyances made by a
beneficiary; and (vii) the distinctions between titleholder and owners of land
trusts. Finally, the course will also cover emerging issues in land trust,
such as Land Trust vs. TODI; use of land trusts as title fraud protection;
online privacy issues; and the remote execution of land trust documents.
David Lanciotti, Chicago Title Land Trust