Trust Administration Process

McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS • • Step 3: Discover & Marshall the Assets Trustee has a duty to diversify assets Look to terms of trust for investment terms and duties. Some trusts appoint Investment Trust Advisor 760 ILCS 5/16.3 (Directed trusts) McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION, REAL ESTATE AND ELDER LAW ATTORNEYS • Step 4: Liabilities Determine the debts of the decedent • Set forth a plan for payment of debts • • . Grantor trusts are subject to the claims of the decedent's creditors Forward decedent's mail Check email accounts for bills 4/19/2017 16

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