Basics of Drafting Estate Planning Instruments
Lucy Bickford, Schiff Hardin
Erica E. Lord, The Northern Trust Company
Reetu Pepoff, The Northern Trust Company
We are presenting a training program geared for professionals with 0-5 years of experience in the estate planning field or for those with more experience who would like a refresher. The program is free for members and for nonmembers* who are associated with DPCEPC members. It will be taught at an introductory level. Attendees will have an opportunity to learn what they weren’t taught in school and to hone their basic drafting skills
The course will cover:
- Anatomy of a Standard A/B Estate Plan;
- Basic Estate Planning Documents (Wills, Revocable Living Trusts, and Powers of Attorney);
- Selection of Fiduciaries;
- Discretionary Standards;
- Trustee Powers;
- Tax Planning; and,
- Other Drafting Considerations
As an additional bonus, all attendees are invited to attend the DPCEPC May 13 Member Cocktail Reception and we will waive the registration fee for those who attend the basics course!
This program is a great opportunity for your associates to learn the basics and get involved in the DPCEPC.
It is anticipated that this program will qualify for 3.5 hours of CLE, CPE.
- Registration and continental breakfast from 7:30 - 8:30 a.m.
- Program runs from 8:30 - 12:00 p.m.
*Ask your DPCEPC Member colleague for the registration code.
Lucy Bickford, Partner, Schiff Harden develops personalized solutions to help her clients achieve their wealth and legacy planning goals. She enjoys distilling complex ideas to discuss planning opportunities with her clients and to illustrate the plans they have chosen to implement.
Lucy advises on a range of estate and trust related activity: ensuring plans appropriately reflect the family dynamic and unique assets, preserving wealth, administering estates and trusts, and resolving disputes. She also prepares prenuptial agreements, restructures existing trusts, uses nonjudicial settlement agreements, addresses cross-border planning issues, advises on retirement benefits, and helps to value closely-held companies.
Lucy has particular strength with numbers and modeling to help guide a client’s course of action. She uses this skill to estimate transfer taxes, project the financial impact of particular planning opportunities, and track trust transactions, intra-family loans, and annuity payments.
Lucy strives to truly understand her families’ interpersonal relationships. As a trusted adviser, her talent in capturing the family dynamic helps her develop plans that honor the family's values and desires. Her clients include individuals, multi-generation family groups, surviving spouses, and corporate and individual executors and trustees.
Erica Lord advises Northern Trust’s Wealth Management business nationally regarding fiduciary acceptance and administration matters, agency law, Goals Driven Wealth Management, investment compliance, and specialized services provided by the Global Family and Private Investments Office, Estate Settlement Services, and Northern Trust's Delaware and Nevada affiliates. She also supports Northern Trust's capital management regulatory compliance efforts.
Prior to joining Northern Trust’s legal department, Erica served as a Senior Vice President and Senior Trust Advisor for Northern Trust Wealth Management. In that role, she administered large, complex, multi-generational trusts for which Northern Trust serves as trustee. She also worked directly with ultra-high net worth investment management clients and their advisors to define and implement comprehensive estate plans, plan for inherited wealth, effectuate complex estate tax and charitable strategies, prepare clients for retirement, educate successive generations about family wealth, and coordinate liquidity events.
Prior to joining Northern Trust in 2010, Erica practiced privately at two large, international firms in Chicago, focusing primarily on estate planning for family business owners, estate administration, and fiduciary litigation.
Erica is a Fellow of the American College of Trust and Estate Counsel (ACTEC) and serve as an active member of the Chicago Estate Planning Council and bar associations.
Reetu Pepoff is Senior Legal Counsel and Senior Vice President within the Legal Department at Northern Trust Chicago. Her role includes all aspects of advising Northern’s fiduciary practice, with particular focus on avoiding conflicts of interest, supervising litigation involving Northern in its fiduciary capacity, and administering foreign and directed trusts. Reetu also dedicates a significant portion of her time to supporting Northern’s international fiduciary practice, working with partners to administer offshore trusts and deliver fiduciary services through Northern’s affiliate in the Cayman Islands, Northern Trust Cayman International, Ltd.
Prior to joining Northern in 2012, she worked as an associate at Schiff Hardin LLP in the Trusts and Estates Group and as a Trust Administrator at PNC Bank.
Reetu earned a BS in Criminology from Florida State University and a JD from Howard University School of Law.
Reetu is a member of the American Bar Association and the Society of Trust and Estate Practitioners (STEP). She is also the Secretary of STEP Chicago.