Trust Administration

Trust Administration – Strategic Estate Planning In Lake Bluff, IL

Guiding Trustees Through Difficult Times

At Strategic Estate Planning, we support trustees and families throughout Lake Bluff, Lake Forest, and Lake County with compassionate, skilled trust administration services. Managing a trust after the death or incapacity of a loved one can feel overwhelming. Our role is to simplify the process, ensure legal compliance, and guide you step by step.

What Is Trust Administration?

Trust administration is the legal process of managing and distributing assets held in a trust. In Illinois, trustees must follow fiduciary duties outlined in the Illinois Trust Code (760 ILCS 3/), including:

• Acting in the best interests of beneficiaries
• Managing trust assets with care and prudence
• Keeping accurate records and communicating regularly with beneficiaries
• Ensuring distributions are made according to the trust’s terms

Our Trust Administration Services Include:

• Interpreting and implementing trust terms
• Advising trustees on fiduciary responsibilities
• Notifying beneficiaries
• Valuing and distributing trust assets
• Coordinating with accountants and tax professionals
• Filing required trust tax returns
• Resolving disputes among beneficiaries

Whether the trust is simple or complex, we provide trustees with the tools, advice, and confidence they need to carry out their responsibilities.

Trustee Duties Under Illinois Law

Trustees in Illinois are held to high standards under the Illinois Trust Code. Key duties include:

• Loyalty to all beneficiaries (760 ILCS 3/802)
• Prudent administration of trust assets (760 ILCS 3/804)
• Duty to inform and account to beneficiaries (760 ILCS 3/813)

Violating these duties can result in legal exposure. We help trustees navigate these obligations properly and efficiently.

Why Choose Strategic Estate Planning?

Our team provides practical guidance and legal insight to help you meet your obligations without unnecessary stress. We tailor our services to your situation, no matter the size or complexity of the trust.

Ready To Move Forward?

📞 Call us at (847) 234-4445
📍 Visit us at 900 North Shore Drive, Suite 255, Lake Bluff, IL 60044
🌐 Or schedule your free consultation today.

Strategic Estate Planning – Legal clarity during life’s most uncertain times.