Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, presented various case studies with respect to core trustee duties and powers as well as the trustee’s responsibilities for educating and mentoring the beneficiaries, with speakers and attendees addressing how they would respond to real‐ life situations and comparing their approach to the real outcome. The program was hosted by the Family Office Exchange and it took place at the Princeton Club in New York, NY.
Dean Daniel B. Rodriguez, of the Northwestern University Pritzker School of Law, recently announced that Kim Kamin, Gresham’s Chief Wealth Strategist and one of its Principals and client Advisors, has been awarded the 2016/2017 William M. Trumbull Lectureship. Since it was established in 1977, there have been only 11 past recipients of this honor.
Ms. Kamin started teaching at the Law School in 2003. She has taught Advanced Trusts and Estates, Fiduciary Income Tax, and for the past three years, Estate Planning in a course through the LLM in Tax Program that is cross listed for law students.
Dean Rodriguez thanked Ms. Kamin and others who were appointed to named professorships for their hard work and commitment to the Law School’s core teaching and research mission. The chair to which Ms. Kamin was named was established by the estate of William M. Trumbull who was a member of the Law School’s faculty from 1952 to 1965.
Prior to joining Gresham, Ms. Kamin was a partner with a large Chicago-based law firm where for many years, she advised clients on a wide array of entity restructuring, succession planning, trust and estate administration, asset protection, and philanthropic issues. Ms. Kamin received her BA from Stanford University and her JD from the University of Chicago Law School.
Gresham’s new Chief Wealth Strategist, Kim Kamin, was recently selected by her legal peers for the inclusion in The Best Lawyers in America© 2015 both in (1) Trusts and Estates, and (2) Litigation – Trusts and Estates for the fifth consecutive year. While Kim is no longer practicing law in her role here and we expect such accolades in the legal arena to taper off in future years, Gresham is nonetheless pleased to have her experience and skill sets recognized in this way and available to our clients as a resource.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, conducted a national webinar with Meighan Harmon, Schiller DuCanto & Fleck, for ALI‐CLE titled “Nuptial Agreements for Estate Planners.” Even the best estate plans can be thrown off course by marital agreements that were drafted outside the estate planning process. This multi‐disciplinary session addressed how nuptial agreements work and what estate planning attorneys need to know when working with clients who have, want or need nuptial agreements. The webinar covered what practitioners should consider when it comes to pre‐marital and post‐marital agreements, from the perspective of a family law attorney and also from the perspective of a former estate planning practitioner who is now a wealth strategist with a multi‐family office.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, moderated a discussion of the Illinois Parentage Act (effective 1/1/2016) with Meighan Harmon of Schiller DuCanto & Fleck, and David Shayne, of counsel at Holland & Knight. This webinar covered the impact of the new law and what estate planning advisors need to know about it. You might not realize how important this Act is to Estate Planning, but among other controversial changes, it makes one particular dramatic change to the Illinois Probate Act in terms of who is legally defined as a descendant under that Act.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, presented with Meighan A. Harmon of Schiller DuCanto & Fleck LLP on “Nuptial Agreements” at the 41st Annual Notre Dame Tax & Estate Planning Institute on September 18, 2015. The session addressed the use of nuptial agreements and what a practitioner should consider when it comes to marital agreements before (or sometimes during) marriage, both from the perspective of a family law attorney and from an estate planning attorney. The program took place at Notre Dame University in South Bend, IN.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, presented with David Handler of Kirkland & Ellis, Radd Riebe of Trusts & Estates Magazine, and Stacy Singer of The Northern Trust on “Practical Advice for Trust Design: A Holistic Perspective from the Trusts & Estates Advisory Board.” The program took place at Notre Dame University in South Bend, IN.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, spoke about “What to do About Stuff? Planning for Art and other Tangible Personal Property” at Gresham Partners, LLC’s annual client event, on September 16, 2015, at the Chicago Symphony Center.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, presented with Meighan A. Harmon of Schiller Ducanto & Fleck LLP on “Nuptial Agreements: The Good, Bad and Ugly” at the ALI‐CLE Estate Planning in Depth Seminar on June 25, 2015. The session addressed the use of nuptial agreements and what a practitioner should consider when it comes to marital agreements before (or sometimes during) marriage, both from the perspective of a family law attorney and from an estate planning attorney. The program took place at the University of Wisconsin Law School, Madison, WI.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, was a keynote speaker on Fiduciary Duties and Ethical Challenges for Trustees: The Evolving Landscape, at the Catholic Charities 11th Annual Tax and Estate Planning Seminar for Professionals on June 2, 2015. The program took place at the Northern Trust Company, Chicago, Illinois.
May 13, 2015 – Champaign, IL May 19, 2015 – Chicago, IL
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, co-presented with Pamela Lucina of BNY Mellon Wealth Management and Kevin Noonan of Much Shelist, P.C. at the Illinois Institute for Continuing Legal Education, 58th Annual Estate Planning Short Course, on the topic of Modern Trust Drafting. This discussion addressed trust drafting issues and best practices with regard to a potpourri of modern trends and hot topics such as trust protectors, directed trusts, portability, increased exemptions, higher income taxes, decoupling, assisted reproductive technologies, same sex marriage, and digital assets. The discussion focused on practical implementation and how to remain flexible in these areas, with the intent of helping participants incorporate these insights into their practices today. The program took place at the Hilton Garden Inn, Champaign, IL and the Sheraton Hotel & Towers, Chicago, IL.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, spoke on “Planning for the 50%: Divorce and Blended Families” at the ALI‐CLE Practical Trust and Estate Planning Program on May 1, 2015. Kim addressed the use of trusts in the context of divorce and what a practitioner should consider in estate planning before, during and after divorce, as well as upon remarriage and in protecting future generations. The program took place at the Marriott Fisherman’s Wharf, San Francisco, CA.
Kim Kamin, Chief Wealth Strategist at Gresham Partners, LLC, spoke on The Ethical Trustee-Where Heart and Smart Meld Prudently at the Purposeful Planning Institute-Fusion Collaboration 2015 on March 19, 2015. The goal of this session was to review the trustee’s legal and ethical duties with a focus on how the trustee role has evolved over time and how there is a difference between being a “scared” trustee and being an “ethical” trustee. Some issues included (1) how the ethical trustee should make distributions to beneficiaries and help support them in leading meaningful lives, and (2) how a trustee should not be so frightened of some of the interpretations of the Prudent Investor Act focusing on diversification that the trustee of a large enough trust fails to adequately take on appropriately compensated risks (including concentrations in private companies) that provide real growth opportunities. This topic was designed to help the audience members think more openly about what it means to be a good trustee and assist those who are trustees in their service. The program took place at the Hilton Orlando, Lake Buena Vista, FL. Additional information for this program can be found online at: http://purposefulplanninginstitute.com/Fusion/florida2015_breakout_sessions.html
October 2014, prior versions previously published 2007, 2010 and 2012.
October 2014, prior versions previously published 2012 and 2010.
Kim Kamin, Gresham’s Chief Wealth Strategist, presented “Choosing a Trustee: Who Best Will Represent Your Interests” during William Blair’s Family Wealth Conference at the Four Seasons Hotel, 120 E. Delaware Place, Chicago, Illinois. Ms. Kamin explored the legal, financial, and emotional components of trusteeship and the resources to consider of this important role.
September 2014, prior versions previously published 2010 and 2012.
Kim Kamin was honored by Francis W. Parker School Alumni Association on June 5, 2014, for her 15 years of leadership. The Chicago Alumni and Friends Event hosted at Leonard Goodman’s home honored Ms. Kamin, outgoing Alumni Association president and a dedicated leader in the group, which seeks to actively engage the alumni community and promote lifelong relationships with one another and with the school. Ms. Kamin is a Principal at Gresham Partners, LLC where she serves as Chief Wealth Strategist and a Client Advisor. She helps lead Gresham’s development and implementation of estate, wealth transfer, philanthropic and fiduciary planning activities, and advises clients. Ms. Kamin is also actively involved with various professional organizations and writes and speaks on topics related to wealth planning and management. Francis W. Parker School is an independent school in Chicago that serves students from junior kindergarten through high school. The school, based on the educational philosophies of John Dewey and Colonel Francis Wayland Parker, emphasizes education for character, community and citizenship.
Kim Kamin presented “Estate Planning for Visual Artists,” a seminar hosted by the Chicago Bar Association Media & Entertainment Law Committee. Ms. Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, is a frequent lecturer at industry conferences and seminars. She has extensive experience advising individuals, families and closely held businesses in wealth preservation, asset protection and succession planning issues. The event took place Thursday, May 22, 2014, at the Chicago Bar Association (321 S. Plymouth Court, Chicago, IL 60604). CLE credit.
April 2014, prior versions previously published 2009 and 2011.
Kim Kamin, now Gresham’s Chief Wealth Strategist, co-presented the ALI-CLE Webinar “I Do Act II: Estate Planning for Second Marriages.” Estate planning techniques that are effective for spouses in a first marriage may be less so when applied to “blended families” in which one or both spouses have children from prior marriages. Discussion included: identifying the issues involved in estate planning for second marriages; requirements for valid nuptial agreements; how to effectively waive specific property rights in nuptial agreements; tax considerations of nuptial agreements; and how to draft for clients who remarry, including elective share planning and marital trusts. CLE credit.
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, presented “Using Trusts in Divorce” during Business Valuation: Financial & Tax Issues in Divorce 2014, a seminar presented by the Illinois Institute for Continuing Legal Education. Ms. Kamin has extensive experience in advising individuals, families and closely held businesses in wealth preservation, asset protection and succession planning issues. She is a frequent presenter at various industry conferences and events. The Business Valuation seminar took place Monday, January 20, 2014, from 8:20 a.m. until 4:45 p.m. at the Chicago Marriot Schaumburg (50 N. Martingale Road, Schaumburg, IL 60173). CLE credit.
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, and Susan von Herrmann (current member of Schiff Hardin LLP’s Private Clients, Trusts, and Estates Group) presented “Tax and Estate Planning for Same-Sex Couples after the Demise of DOMA” at Schiff Hardin’s Chicago office. Ms. Kamin and Ms. von Herrmann examined tax and estate planning for same-sex couples after the Supreme Court’s decisions in the Windsor and Perry cases, as well as the recent passage of the marriage equality bill in Illinois. The event began with a wine and cheese reception and concluded with a closing reception. Ms. Kamin and Ms. von Herrmann have extensive experience advising individuals, families and closely held businesses in wealth preservation, asset protection and succession planning issues. Both have a significant breadth of experience in assisting nontraditional and blended families in estate planning matters. The presentation took place Thursday, December 5, 2013, at Schiff Hardin LLP’s Chicago office (233 S. Wacker Drive, Suite 6600, Chicago, IL 60606). CLE credit.
By Jonathan G. Blattmachr, Kim Kamin & Jeffrey M. Bergman
One of the most versatile tools estate planners have at their disposal is the power of appointment. Despite its wide use, the benefits and limitations of the power of appointment are not widely understood. This Article discusses those benefits and limitations, and instructs how to use the power of appointment to achieve the intended disposition of the donor or testator, including drafting techniques for both general and special powers of appointment either exercisable presently or in the future. Finally, this Article discusses how to use powers of appointment to “decant” trust assets from one trust to another, reducing the tax consequences of trust dispositions.
(RPTE Law Journal, Winter 2013 Vol. 47, No. 3)
Kim Kamin, now Gresham’s Chief Wealth Strategist, spoke at the FOX workshop, Preparing for Duty as a Family Trustee, on Tuesday, November 19, 2013, at Cityplace Events, 2711 N. Haskell Avenue, Dallas, Texas. She co-presented in two sessions: (1) “What a Trustee Needs to Do,”, and (2) “Understanding Distribution Policies and Provisions.” She also co-led a break-out session on problem solving with hypothetical fact patterns moderated by Gresham’s Vice-Chairman, Wally Head. For more information on this workshop and other workshops, contact the Family Office Exchange at 312.327.1231 or firstname.lastname@example.org.
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, participated in two sessions titled “Counseling the 50%: Select Divorce Issues for the Estate Planner” during the American College of Trust and Estate Counsel (ACTEC) 2013 Annual Meeting. Ms. Kamin discussed a variety of issues for drafting in contemplation of and upon divorce. Ms. Kamin has extensive experience in various aspects of trust and estate planning, trust and estate administration, and related dispute resolution. She advises individuals, families and closely held businesses in wealth preservation, asset protection and succession planning issues. The ACTEC Annual Meeting includes an extended series of seminars presented by distinguished industry leaders. It took place March 5-10, 2013, in Maui, Hawaii.
Family Office Exchange (FOX) Workshop — Grantors, Trustees, and Beneficiaries: A New Look at Roles and Responsibilities
March 27, 2012
1:15 PM – 2:30 PM
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, spoke at the FOX workshop, Grantors, Trustees, and Beneficiaries: A New Look at Roles and Responsibilities, on Tuesday, March 27, 2012, at the Gleacher Center (450 North Cityfront Plaza, Chicago). Ms. Kamin copresented the session “Duties and Powers of the Trustee,” which addressed the primary roles and responsibilities of trustees, as well as the liability that comes with oversight of trust investments, distributions and compliance, and in some cases, guardianship or other family-related responsibilities. CLE credit. For more information on this workshop and other workshops, contact the Family Office Exchange at 312.327.1231 or email@example.com.
Family Office Exchange (FOX) Workshop — Grantors, Trustees, and Beneficiaries: A New Look at Roles and Responsibilities
March 27, 2012
3:45 PM – 4:30 PM
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, spoke at the FOX workshop, Grantors, Trustees, and Beneficiaries: A New Look at Roles and Responsibilities, on Tuesday, March 27, 2012, at the Gleacher Center (450 North Cityfront Plaza, Chicago). Ms. Kamin copresented the session “Distribution Provisions: Understanding the Issues and Options,” which addressed the key issues related to trust distributions, including discretionary versus required distributions from a trust, the unitrust concept, and exhausting trust assets. This session also covered the many factors that trustees should consider when faced with requests for discretionary distributions including the potentially negative reaction of other family members to the granting of discretionary distributions to a beneficiary. CLE credit. For more information on this workshop and other workshops, contact the Family Office Exchange at 312.327.1231 or firstname.lastname@example.org.
McGaw YMCA and Schiff Hardin LLP Breakfast Program
October 6, 2011
8:30 AM – 10:00 AM
Kim Kamin, now Gresham’s Chief Wealth Strategist, co-presented “Civil Unions In Illinois: Love, Life, Death, Taxes and Philanthropy” on Thursday, October 6, 2011, for the McGaw YMCA at Schiff Hardin LLP (Willis Tower, 233 South Wacker Drive, Suite 6600, Chicago). CLE credit.
The breakfast program included the following topics:
Chicago Estate Planning Council Webinar
May 25, 2011
10:00 AM – 11:15 AM
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, was the moderator for the Chicago Estate Planning Council (CEPC) Webinar, “Illinois Civil Unions: What Advisors Should Know” on Wednesday, May 25, 2011, at 10:00 a.m. Continuing education credits for MCLE, CFP and CPA.
The panel discussed the Illinois law that enables and recognizes civil unions starting June 1, 2011, answering such questions as:
CLE International’s Twelfth Annual Visual Arts & The Law Conference
October 15, 2010
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, spoke about “Estate Planning for Artists” at CLE International’s Twelfth Annual Visual Arts & The Law Conference on Friday, October 15, 2010, at The Sutton Place Hotel (21 East Bellevue Place, Chicago). The conference provides legal information and effective tools for artists, collectors, galleries and museums. CLE credit. Information about this conference is available online at www.cle.com/chicago or by calling 800.873.7130.
The Chicago Bar Association Financial Institutions Committee
September 8, 2010
Kim Kamin, now Chief Wealth Strategist at Gresham Partners, LLC, and Lorraine M. Buerger, a member of Schiff Hardin’s Corporate and Securities and Financial Institutions groups, spoke to The Chicago Bar Association’s Financial Institutions Committee on September 8, 2010, at The Chicago Bar Association Building (321 South Plymouth Court, Chicago). The presentation included an overview of the hot area of law attracting significant media attention resulting from an unprecedented wave of bank failures in 2009 and 2010, as well as a discussion about the mechanics of how these FDIC receivership deals work and best practices. For additional information about this meeting, contact the Financial Institutions Committee Chair, Dan Fuhrman, at email@example.com or 312.630.7071.
Chicago Bar Association, Young Lawyers Section Executive Council
February 26, 2010
3:00 PM – 5:00 PM
Kim Kamin, now Gresham’s Chief Wealth Strategist and a former partner at Schiff Hardin LLP, spoke at “40 Attorneys Under 40,” on February 26, 2010. The event took place at the Chicago Bar Association, 321 S. Plymouth Court, Chicago, IL 60604. This event was highly beneficial to newer attorneys wondering how to be the best they can be in their legal career, by providing them with a “road map” to success. The event included small group discussions led by attorneys who have appeared on the Law Bulletin Publishing Company’s 40 Illinois Attorneys Under 40 to Watch list. Participants were then split into smaller groups and traveled from table-to-table meeting with Chicago’s top attorneys under 40. The group leaders discussed everything from client development, working with partners and support staff, volunteerism, job search techniques, balancing priorities and more. CLE credit. For more information about this event, please call 312.554.2056.
Gresham’s Chief Wealth Strategist Kim Kamin spoke at this special breakfast presentation hosted by Chartwell Insurance Services. The event took place at The University Club of Chicago, 76 East Monroe, Chicago, IL 60603. For more information about this event, contact L. Figueroa at firstname.lastname@example.org or 312.645.1200.
ABA Trusts and Investments, September 2008.