Trust Administration Process

McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS • Step 2: The Trustee Trustee has a duty not to delegate any acts that involve the exercise of judgment and discretion EXCEPT investment functions (then must comply with statute) 760 ILCS 5/5.1 Trend: Directed trusts. 760 ILCS 5/16.3 McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION, REAL ESTATE AND ELDER LAW ATTORNEYS Step 2: The Trustee 760 ILCS 5/5.7 Compensation Trustee is entitle to reasonable compensation for services rendered and reimbursement for proper expenses 4/19/2017 9

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