Turning complexity intoCLARITYSTOUT VALUATION ADVISORY. Relentless on your behalf.Uncovering true value requires a clear lens. As one of the largest valuation practices in the country, Stout hasspecialized expertise in the valuation of business enterprises and their underlying assets – both tangible andintangible – and the experience to deliver reliable opinions that can withstand scrutiny from any party. Withessential resources at your disposal, we bring clarity to the most complex valuation matters.Let us relentlessly deliver for you.stoutadvisory.comInvestment Banking Valuation Advisory Dispute Consulting Management ConsultingStout is a trade name for Stout Risius Ross, LLC and Stout Risius Ross Advisors, LLC, a FINRA-registered broker-dealer and SIPC member firm.
Chicago Estate Planning CouncilBy-LawsAs of JANUARY 2014IntroductionThe Chicago Estate Planning Council (Council) became thesuccessor on June 3, 1965 to The Chicago Life Insurance andTrust Council, which was organized on June 1, 1938. The Councilwas incorporated under the General Not For Profit CorporationAct of Illinois on June 23, 1977. The Council was established bya group of forward-looking individuals who recognized the needof combining the efforts of lawyers, accountants, trust officersand life insurance underwriters in the best interest of the client.High tax rates and the complexity of tax laws had introducedmany new problems of estate conservation and distribution. Anew specialty, estate planning, had come into being.With the recognition that estate planning is a cooperative task,the Council started as, and continues to be, a carefully selectedgroup of qualified specialists in their own fields who have thenecessary knowledge and experience to accomplish the broadjob of estate planning for the best interest of the client and his orher beneficiaries.ARTICLE IPurposesThe purposes for which the Council is organized are:1) To maintain the highest standards of service in providinginformed guidance in the creation, conservation, and distributionof estates:2) To continue and further the education of its members andthe public in estate planning matters;3) To increase public understanding of the need for competentestate planning;4) To promote cooperation, and to foster a better understandingof the proper relationship among estate planning specialistsfrom different fields and to bring together in one associationthose specialists who have a common interest in promoting theCouncil’s purposes;5) To encourage the highest standards of ethical conduct.ARTICLE IIOfficesThe corporation shall have and continuously maintain in thisState a registered office and registered agent whose office isidentical with such registered office, and may have other officeswithin or without the State of Illinois as the board of directors(board) may from time to time determine.ARTICLE IIIMembersSection 1. Classes of Members. The Council shall have thefollowing membership classifications:Regular Any person who1) is currently engaged in estate planning (defined below)as a professional in the fields of law, accounting, life insurance,financial planning, wealth management, trust and estate administration,planned giving, or valuation services;2) has demonstrated a significant commitment to estate planningeither by acquiring a recognized credential of his or her professionthat enhances his or her ability to provide estate planningservices, or by making an equivalent contribution to the professionor to his or her professional development and qualifications;3) has engaged in estate planning as a professional for a minimumof five (5) years; and4) maintains his or her principal place of business in the ChicagoMetropolitan area.For the purposes of this article, “estate planning” is the processof arranging, accumulating and preserving a person’s propertyso as to gain maximum benefit of the applicable laws relatingto the ownership and transfer of property while carrying outthe person’s own wishes for the disposition of his or her propertyduring life and upon death.Recognized credentials shall include J.D., CPA, CLU, ChFC,CFP, ASA, CTFA and such other credentials as the Board shallfrom time to time approve.Associate Any person who has a minimum of two years experiencein estate planning and otherwise meets the criteria ofregular membership. An associate member shall have all rightsof membership, except voting rights.Senior Any person who is at least 65 years old and has beena member of the Council for 10 years.Retired Any member who has retired from active practice inthe field of estate planning. An applicant for retired status shallsubmit the request in writing, detailing the nature of the changein status. Retired status may be granted to a member upon reviewof the member’s written request and approval of the changein status by two-thirds vote of the board present and voting at ameeting in which the request is considered.Honorary The presiding Judge of the Probate Division of theCircuit Court of Cook County, Illinois, and the Dean of each accreditedLaw School located in the Chicago metropolitan area,or the designated faculty representative, shall be honorary membersof the Council. Any full-time faculty member of an accreditedLaw School located in the Chicago metropolitan area whoteaches one or more courses in or related to estate planning alsomay apply for honorary membership in the Council. An honorarymember shall have all the rights of membership, except votingrights, shall not be required to pay annual dues, and shall remaina member of the Council for so long as he or she remains eligible,as set forth herein.Section 2. Election of Members. An applicant for regular orassociate membership who meets the criteria therefor shall becomea member if so elected by a two-thirds vote of the boardpresent and voting at a meeting in which the application is considered.As a condition of election, the applicant shall certify tothe Council that he or she is familiar with, and will take an activeinterest in furthering the purposes of the Council. An applicantfor honorary membership shall become a member on determinationby a majority vote of the board present and voting at a meetingin which the application is considered that such applicantmeets the criteria for such membership. The board may, fromtime to time, promulgate such regulations, consistent with theseby-laws, pertaining to applications for memberships and electionto membership, as the board may deem proper.Section 3. Voting Rights. Each regular, retired and seniormember shall be entitled to one vote on each matter submittedto a vote of the members.Section 4. Resignation. Any member may resign at any timeby filing a written resignation with the secretary.Section 5. Transfer of Membership. Membership in theCouncil is not transferable or assignable.Section 6. Responsibilities of Membership. A memberof the Council is required to uphold the integrity and honor ofthe profession, and to encourage respect for it; to continuallyimprove the member’s knowledge, skill and competence; to supportthe established institutions and organizations concernedwith the integrity of the member’s profession; to respect the confidentialityof any information entrusted to, or obtained by, themember in the course of the member’s business or professional77
- Page 2 and 3: LIFE IS FILLEDWITH UNEXPECTEDPLOT T
- Page 4 and 5: VALUATION IS OUR ONLY BUSINESSDisco
- Page 6 and 7: It’s your client’swealth. It’
- Page 10 and 11: activities; to abide by the applica
- Page 12 and 13: vote when, in their judgment, the b
- Page 14 and 15: Abendroth, Thomas W., AttorneySchif
- Page 16: Bell, Nancy T., CFP, CDFATrust Comp
- Page 19 and 20: Carter, BrianPlante Moran10 S. Rive
- Page 21 and 22: We Can Get You WhereYou Want To GoO
- Page 23 and 24: GOALS ARE GREAT.PLANS ARE BETTER.CI
- Page 25 and 26: Hindman Auctions has been a trusted
- Page 27 and 28: Makethemark.When you refer your cli
- Page 29 and 30: ALTAIR ADVISERSis an independent we
- Page 31 and 32: CHRISTIE’S PROUDLYSUPPORTSTHE CHI
- Page 33 and 34: Unconventional wisdom.Exceptional e
- Page 35 and 36: Excellence and integrityComprehensi
- Page 38 and 39: McNally, CynthiaCorporate Valuation
- Page 40 and 41: Newhall, Scott, CFP, CFASegall Brya
- Page 42 and 43: Pawasarat, Ted, Attorney, Trust Off
- Page 44 and 45: Reiches, Stephen M.Rappaport Reiche
- Page 46 and 47: Rydel-Ross, Stephanie, AttorneyThe
- Page 48 and 49: Shier, Suzanne L., Attorney, CFPThe
- Page 50 and 51: Stetter, Debra L., AttorneySchiff H
- Page 52: Tyson, Anita., Attorney, Trust Offi
- Page 56: Trust and Estate Services FromThe C
Change language