1. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Jeffrey W. Kreye – Highlights of Practice: Business Advising individuals and entities on numerous business matters and transactions, including choice of entity strategy, business creation and management, capital funding, succession planning, buy-sell agreements, contracts, licenses, employment matters, corporate governance and other issues Advising and representing buyers and sellers in asset and stock sale and purchase transactions and other business combinations and reorganizations Advising non-profit organizations, foundations, churches and other public charities on legal, employment, contract and governance matters Banking: Counseling banks and business clients in the negotiation, documentation and closing of commercial loans and other credit facilities, including Industrial Revenue Bond financing transactions Counseling banks and business clients in the forbearance and workout of troubled loans Estate Planning: Providing guidance and assistance with estate planning and wealth transfer considerations utilizing wills, trusts, powers of attorney, charitable distributions and similar transfers, including the establishment of family foundations for charitably-minded high net worth clients Advising and representing executors, trustees and estates in trust administration and probate matters in Cook, Lake, DuPage, McHenry, Kane and Will County Courts

2. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament: Dispose of your Stuff according to your wishes Real Estate and Personal Property Guardian of Minor Children

3. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament: Have a Will = Testate (those lawyers have a different word for everything)

4. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament: Have a Will = Testate (those lawyers have a different word for everything) Dead Guy = Testator

5. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament: Have a Will = Testate (those lawyers have a different word for everything) Dead Guy = Testator Dead Gal = Testatrix

6. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament: Have a Will = Testate (those lawyers have a different word for everything) Dead Guy = Testator Dead Gal = Testatrix Dude appointed to carry out your wishes = Executor

7. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament: Have a Will = Testate (those lawyers have a different word for everything) Dead Guy = Testator Dead Gal = Testatrix Dude appointed to carry out your wishes = Executor If it's a Dudette = Executrix

8. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament: Have a Will = Testate (those lawyers have a different word for everything) Dead Guy = Testator Dead Gal = Testatrix Dude appointed to carry out your wishes = Executor If it's a Dudette = Executrix Dont have a Will = Intestate

9. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Don't have a Will = Intestate: Die Without a Will in Illinois = Intestacy Law Applies (755 ILCS 5/2-1) Dead Guy (or Gal) Without a Will = Decedent

10. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): Spouse and No Kids = All to Spouse

11. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): Spouse and No Kids = All to Spouse Kids and No Spouse = All to Kids, Divided Equally

12. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): Spouse and No Kids = All to Spouse Kids and No Spouse = All to Kids, Divided Equally Spouse and Kids = ½ to Spouse, ½ to Kids, Divided Equally

13. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): Spouse and No Kids = All to Spouse Kids and No Spouse = All to Kids, Divided Equally Spouse and Kids = ½ to Spouse, ½ to Kids, Divided Equally Children Inherit at Age 18, Guardian Appointed Prior to That

14. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse or Kids = Divided Evenly Between Parents, Brothers and Sisters

15. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse or Kids = Divided Evenly Between Parents, Brothers and Sisters One Parent Already Dead (Predeceased) = Other Parent Gets Double Share

16. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse or Kids = Divided Evenly Between Parents, Brothers and Sisters One Parent Already Dead (Predeceased) = Other Parent Gets Double Share Sibling Predeceased Leaving Kids = Nieces and Nephews Divide the Share their Parent would have gotten (per stirpes)

17. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse or Kids = Divided Evenly Between Parents, Brothers and Sisters One Parent Already Dead (Predeceased) = Other Parent Gets Double Share Sibling Predeceased Leaving Kids = Nieces and Nephews Divide the Share their Parent would have gotten (per stirpes) Children inherit at age 18, Guardian appointed prior to that

18. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse, Kids, Parents, Brothers, Sisters, Nieces or Nephews = ½ to Maternal Grandparents, per stirpes, ½ to Paternal Grandparents, per stirpes

19. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse, Kids, Parents, Brothers, Sisters, Nieces or Nephews = ½ to Maternal Grandparents, per stirpes, ½ to Paternal Grandparents, per stirpes Children inherit at age 18, Guardian appointed prior to that

20. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse, Kids, Parents, Brothers, Sisters, Nieces, Nephews, Maternal Grandparents or Paternal Grandparents = ½ to Maternal Great-Grandparents, per stirpes, ½ to Paternal Great-Grandparents, per stirpes

21. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse, Kids, Parents, Brothers, Sisters, Nieces, Nephews, Maternal Grandparents or Paternal Grandparents = ½ to Maternal Great-Grandparents, per stirpes, ½ to Paternal Great-Grandparents, per stirpes Children inherit at age 18, Guardian appointed prior to that

22. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): No Spouse, Kids, Parents, Brothers, Sisters, Nieces, Nephews, Maternal Grandparents, Paternal Grandparents, Maternal Great-Grandparents or Paternal Great-Grandparents = the hunt is on!

23. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Illinois Intestacy Law (755 ILCS 5/2-1): If no Heirs Found = real estate goes (escheats) to the county in which it is located, personal property physically located in Illinois escheats to the county in which the decedent lived, or the county in which it is located if the decedent did not live in IL. All other personal property escheats to the state.

24. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament - Advantages: Dispose of your stuff according to your wishes, not Intestacy Law

25. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament - Advantages: Dispose of your stuff according to your wishes, not Intestacy Law Gifts to charities, trusted friends, loyal housekeepers, etc.

26. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament - Advantages: Dispose of your stuff according to your wishes, not Intestacy Law Gifts to charities, trusted friends, loyal housekeepers, etc. You choose Guardian of minor children

27. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament - Advantages: Dispose of your stuff according to your wishes, not Intestacy Law Gifts to charities, trusted friends, loyal housekeepers, etc. You choose Guardian of minor children Distribution terms so kids don't get it all at 18 and ruin their lives!

28. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament – Disadvantages (vs. Trust): Must go through Probate process - additional time and expense

29. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament – Disadvantages (vs. Trust): Must go through Probate process - additional time and expense No Confidentiality - Will is filed upon death and becomes a public record

30. Robinson Payne llc A Law Firm Focusing on Business, Banking and Estate Planning Last Will and Testament – Disadvantages (vs. Trust): Must go through Probate process - additional time and expense No Confidentiality - Will is filed upon death and becomes a public record Does nothing to minimize estate tax payable by heirs