Trust Administration Process

McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS Step 1: Read the Trust Are there timing issues? (Options, dates that trigger distribution etc.) - docket the dates! Pitfall: Make sure you are aware of all the trust terms. Watch for options or other restrictions on disposition of property. McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS Illinois Trust and Trustees Act 760 ILCS 5/1 et seq. Read the Trust and Trustees Act Illinois Trust and Trustees Act governs all trusts and their administration (unless the trust states other law governs). Whenever you're not sure what to do, read the trust and the statute. 4/19/2017 4

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