Trust Administration Process

McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS . • Step 9: Accountings 755 ILCS 5/11 Accounts Options Upon Objection Negotiate If agreement cannot be reached, Court involvement If any unusual treatment of assets, get beneficiary approval before doing it. McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION, REAL ESTATE AND ELDER LAW ATTORNEYS • . Step 10: Trust Termination After Approval of All Beneficiaries Send out Specific Bequests and get receipts from those beneficiaries Fund any trusts that continue Distribute remaining trust assets to residuary beneficiaries and get Final Receipts 4/19/2017 27

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