What Is Involved in Administering an Illinois Estate or Trust?

Web Admin - Thursday, October 22, 2020
Rolling Meadows estate and trust administration lawyerEstate planning involves outlining someone’s wishes regarding finances, property, and medical care in the event that he or she becomes incapacitated and is unable to make those decisions, or when he or she passes away. These essential and legally binding documents are often referred to as living trusts, and the person who creates it is called the “grantor.” This type of trust requires minimal maintenance during the grantor’s life. Upon the grantor’s death, however, the trust becomes irrevocable and certain legal actions must be taken to enforce it. While every trust and estate is unique depending on an individual’s situation and wishes, the trust administration includes certain actions by the party named to take care of it, called the “trustee.” Administering a trust avoids the expense of going through the probate process. In addition, it offers more privacy, because the case does not go to court and it is not available to the general public.

Steps for Administration

The trustee who is named in the trust document oversees the administration of the terms of the trust. The trustee is tasked with ensuring that the directives of the deceased person are followed. It is important to note that trustees are obligated to take care of any and all property under their control until said property is officially transferred to its beneficiaries.
Here are the main legal steps that are required when administering someone’s estate or trust in Illinois: 

- Apply for a tax identification number from the IRS for tax return purposes.

- Notify pertinent third parties of the death, including information on the trustee and tax consequences.

- File tax returns on the decedent’s behalf if applicable.

- Make decisions for the investment and disposition of assets.

- Pay federal and/or state estate tax if applicable.

- Pay the decedent’s debts and the trust’s administration costs.

- Create and fund any sub-trusts created per the terms of the original trust.

- Divide and distribute (or retain in trust) shares to any named beneficiaries.

- Communicate with the trust’s beneficiaries.

- Carry out any other relevant terms of the trust instrument.

Contact a Long Grove Estate Planning Lawyer

Planning for the future by creating a comprehensive estate plan can help safeguard against disputes between family members. If you were designated to administer an estate or trust in Illinois, it is crucial that you seek professional legal guidance before taking on this important endeavor. At Drost, Gilbert, Andrew & Apicella, LLC, we are prepared to put our proven methods to work for you. Our seasoned Kenilworth trust administration lawyers are well-versed in Illinois laws and how they may affect your case. Call our office today at 847-934-8000 to learn more by scheduling a free consultation.

About the Author: Attorney Jay Andrew is a founding partner of Drost, Gilbert, Andrew & Apicella, LLC. He is a graduate of the University of Dayton School of Law and has been practicing in estate planning, probate, trust administration, real estate law, residential/ commercial leasing, contracts, and civil litigation. Since 2005, Jay has been a Chair of the Mock Trial Committee for the Annual Northwest Suburban Bar Association High School Mock Trial Invitation which serves over 240 local Illinois students each year.


Recent Posts


rollover accidents fatal car accidents DUI penalities Illinois tax attorney Illinois employment law Illinois pedestrian accident attorney BUI Illinois insurance claim attorney car accident lawyer Exclusions Palatine traffic accidents insurance dispute, insurance dispute lawyers, insurance claim denial, insurance claim delays, Rolling Meadows insurance dispute attorneys anesthesia errors Illinois trucking safety Crystal Lake pet attorney personal injury claims suspended license back injuries Palatine Attorney real estate zoning Illinois pet lawyer personal injury, auto accident injuries, delayed injuries, serious injuries, Des Plaines personal injury attorneys Illinois employment law firm probate fees landlord tenant law pregnant women IRA benefits living trust Policy Cancellation lapse in policy boating under the influence Barrington Traffic Lawyer forming a corporation in Illinois Illinois probate lawyer trucking accident lawyers construction accidents, personal injury, wrongful death, Arlington Heights personal injury attorneys, workers' compensation Illinois Transfer on Death Instrument natural gas explosion Crystal Lake business law attorneys Illinois employment law attorney Arlington Heights real estate lawyer trucking accidents consent to a search clemency Illinois defective products attorney Crystal Lake personal injury attorney Barrington business law firm Illinois Workers’ Compensation Commission probate process ACA business litigation insurance disputes construction contracts wills and trusts Super Mario traffic crimes in terrorem provision denied insurance claims Legal Info insurance disputes, Illinois insurance disputes, Illinois insurance dispute attorneys, denied insurance claims, Arlington Heights insurance dispute attorneys traumatic brain injury elder abuse boating DUI Illinois trusts attorney Crystal Lake insurance lawyer insurance dispute marijuana crimes attorney Illinois workplace lawyer filing a medical malpractice claim coronavirus Barrington attorney gift taxes Illinois workers compensation lawyer estate attorney liability Illinois rollover accident lawyers power of attorney for healthcare pedestrian-automobile accident Schaumburg estate attorney murder Schaumburg criminal attorney Schaumburg Buffalo Grove injury lawyer insurance adjusters living wills insurance negligence life insurance Schaumburg traffic lawyer DUI defense products liability rumble strips Transfer on Death Instrument Chicago lawyer surgical mistakes owner responsibility employment law, meal breaks, rest breaks, hotel employees, Des Plaines employment law attorneys Long Grove wills and trusts attorneys Schaumburg employment attorney Des Plaines injury law firm Crystal Lake accident attorney agent privacy laws Palatine employment attorney condo Barrington medical malpractice lawyers insurance claim dispute attorney insurance claim slip and fall insurance claim denials medical marijuana Barrington Illinois estate planning lawyer Illinois Trust Code Barrington boating accident attorney Schaumburg medical malpractice lawyer real estate insurance claim denial probate claims process Inverness injury lawyer Rolling Meadows life insurance claim denial attorney commercial leases Illinois traffic attorneys Illinois driving without license real estate contract Illinois wills and trusts Palatine criminal defense lawyer digital information digital evidence Inverness personal injury attorney preventing accidents Des Plaines real estate attorney Schaumburg life insurance attorney Illinois construction accident attorney llinois Real Estate Lawyers Association Crystal Lake personal injury lawyer healthcare criminal Crystal Lake car accident lawyer bad faith insurance claims real estate attorney Illinois civil litigation lawyer slip and fall accidents Des Plaines real estate lawyer compensatory time trust payments medical malpractice compensation Home Remodeling Repair Act license revocation drug crime pay when paid contract digital assets changes to mortgage law minimum wage Schaumburg personal injury lawyer texting while driving Deer Park workers compensation lawyer social media after death Arlington Heights wills and trusts lawyers employees uninsured motorist Arlington Heights employment attorney insurance denial appeals estate planning for college students vacation home fines Illinois wills and trusts attorneys real estate lawyer preventable medical errors Illinois real estate Inverness real estate lawyer startup company Palatine punch death Whistleblower Claims employment lawyer Illinois personal injury spinal cord injury Rolling Meadows medical malpractice lawyers Des Plaines Arlington Heights car crash attorneys installment contracts Chicago life insurance attorney Arlington Heights Traffic Lawyer operating agreements Arlington Heights TBI attorney Schaumburg estate planning attorney employee rights Retaliatory Discharge estate planning personal injury claim Palatine real estate lawyer Chicago biking tips Crystal Lake traffic lawyer life insurance claims Rolling Meadows traffic law firm insurance agents Illinois LLC creation spinal cord injuries Buffalo Grove traffic lawyers liens underage DUI Chicago will attorney Attorney Ken Apicella disability benefits Illinois registered agent Long Grove real estate lawyer Rolling Meadows boating crash lawyer Palatine probate lawyer Buffalo Grove law firm Kenilworth estate planning attorney rent to own real estate contracts loopholes bike accident traumatic brain injuries right to work Illinois insurance claim dispute lawyer blended families gift tax exemption, estate planning, estate planning strategies, Illinois estate planning, South Barrington estate planning attorneys low-ball insurance settlement problem employees Schaumburg personal injury attorney elder law guardianship attorney Colin H. Gilbert criminal defense car accidents Crystal Lake medical malpractice lawyer Rolling Meadows insurance attorney Illinois workers compensation attorney Illinois business lawyer workers compensation Fourth of July special needs trust Deer Park traffic accident attorney Des Plaines collections attorney advance healthcare directive Illinois lawyer trusts Buffalo Grove traffic attorney comparative negligence employment contract rest breaks license employee misclassification Schaumburg Attorney Palatine personal injury lawyer Illinois estate planning attorney drunk driving statistics mortgage LLCs Illinois insurance dispute lawyers Illinois Sales Representative Act contracts how to avoid common denials of life insurance claims expungement income distribution deducation Buffalo Grove insurance claim dispute lawyers golf accidents insurance claim delay most common reasons for life insurance claim denials Illinois Probate Act of 1975 estate plan wrongful termination denied insurance claim Illinois collections attorney healthcare claims drug crimes Palatine construction attorney Long Grove estate planning attorneys TBI federal regulations for LLCs no contest clauses car accident lawyers real estate attorneys underfunded trust Illinois employee rights attorney. Illinois insurance claim dispute lawyers auto accidents power of attorney Illinois real estate lawyer Illinois medical malpractice attorney Crystal Lake medical malpractice attorneys Rolling Meadows personal injury attorney Illinois bicycle safety Do Not Resuscitate rollover car crashes Inverness accident lawyer subcontractor Illinois insurance claims lawyers living trust vs will medication errors institutional trustee DNR medical research cell phone Schaumburg criminal law attorney Des Plaines personal injury attorney small business Crystal Lake injury attorney motorcycle accident life insurance policy car accident Palatine civil litigation lawyer wills marijuana traffic offenses dealing with problem employees manufacturing Buffalo Grove personal injury lawyer Illinois insurance disputes bicycle dooring accidents Chicago trucking accident attorney Long Grove estate planning food poisoning tax attorney financial advisors Home Sale Contingencies Chicago will attorney, social media platforms, Illinois estate planning lawyer, denial of insurance claim Chicago estate planning lawyer unpaid overtime Arlington Heights wills and trusts lawyer condo association Inverness estate planning lawyer severance agreements Inverness real estate attorney dram shop law license reinstatement Arlington Heights insurance attorney Des Plaines Traffic Lawyer Self-Directed IRA Accounts Forcible Entry Arlington Heights lawyer employment attorney personal injury law firm Buffalo Grove criminal defense lawyer Barrington criminal lawyer Des Plaines DUI attorney holiday statistics dynasty trusts overtime violations Palatine workers compensation lawyer BAIID automated cars Des Plaines tax law firm Barrington life insurance lawyer homestead rights estate planning attorney Illinois employment lawyer jet ski accidents unfunded trust real estate leasing Illinois home inspection Illinois insurance lawyer insurance agent negligence Crystal Lake will lawyer Kenilworth estate planning attorneys Schaumburg insurance lawyers fiduciary rule delay Des Plaines accident attorney corporate law Joliet general practice lawyers Crystal Lake civil litigation lawyer Buffalo Grove life insurance attorney Illinois employment law attorneys Arlington Heights personal injury lawyer Inverness insurance attorney Employment Discrimination Law Rolling Meadows accident lawyer Deer Park motorcycle accident lawyer Rolling Meadows Attorney Barrington drug crime attorney Illinois business law atorneys personal injury attorney beneficiary complications Mount Prospect real estate lawyer Rolling Meadows employment law attorneys Deer Park traffic lawyer Rolling Meadows real estate attorney Schaumburg car accident attorney Palatine life insurance lawyer pedestrian accidents fault based insurance Illinois elder law attorney wrongful death Rolling Meadows personal injury lawyers Schaumburg civil litigation attorney defective products lawyer life insurance claim denial, denial of life insurance claim top life insurance claim denials controlled substance appealing an insurance claim Mount Prospect wills and trusts lawyers Chicago corporate attorney workplace sexual harassment Des Plaines civil attorney Illinois personal injury attorney FMLA Illinois small business ken apicella Federal Food Drug and Cosmetic Act Arlington Heights wills and trusts attorneys insurance dispute attorney product liability DMV senior citizens estate planning, death tax, succession plans, business estate plans, Barrington estate planning lawyers Rolling Meadows tax attorney cause-of-death exclusions Rolling Meadows car accident lawyers Liquor Control Act employee discrimination insurance claims attorney fees Kenilworth estate planning lawyer jet ski Illinois Human Rights Act personal injury lawyer Palatine insurance lawyer hands free device meal breaks Buffalo Grove corporate attorney Illinois DUI attorney Illinois traffic laws defective products Chicago insurance law firm Deer Park employment law attorney Crystal Lake employment law attorney Arlington Heights Attorney car crashes DGAA Deer Park criminal attorney foreclosure insufficient documentation nursing home negligence health insurance dispute motorcycle accident lawyer pedestrian injuries, pedestrian fatality Family Medical Leave Act Illinois Wage Payment and Collection Act Buffalo Grove real estate attorney Rolling Meadows medical malpractice internet estate planning lawyer Crystal Lake estate planning lawyer commercial real estate Schaumburg personal injury lawyers caregiver drugs Schaumburg employment law attorneys Class A misdemeanor Rolling Meadows employment attorney Des Plaines claims law firm Des Plaines insurance attorney IRELA Illinois medical malpractice claim Rolling Meadows criminal attorney Colin Gilbert job lawyers Thanksgiving Rolling Meadows Traffic Lawyer field sobriety test civil litigation Chicago car accident lawyer sexual harassment foreclosed rental property Palatine injury attorney Crystal Lake law firm Barrington employment attorney Illinois will lawyer living trust benefits Des Plaines personal injury lawyers Deer Park medical malpractice attorney Mt Prospect Attorney workers comp civil litigation attorney liability claims fiduciary rule Illinois criminal defense attorney Inverness elder law lawyer trauma after an accident Crystal Lake criminal defense attorney CAM Des Plaines motorcycle accident attorney creditors murder charges capital gains tax real estate closing Chicago insurance claim attorneys Arlington Heights personal injury attorney pain and suffering employment contract, employment law, employment at-will, Deer Park employment law attorneys, contract, Inverness civil lawyer Illinois attorney construction accidents blood alcohol content Deer Park DUI lawyer investment property paid sick leave Crystal Lake traffic attorney Des Plaines pet law attorney car crash breach of contract swimming pools Rolling Meadows insurance lawyer premises liability Barrington criminal defense lawyer BAC Buffalo Grove personal injury attorney Inverness traffic law firm crossover accidents Illinois wrongful termination lawyer Arlington Heights medical malpractice lawyer Rolling Meadows DUI lawyer criminal law privacy Arlington Heights accident attorney drunk driving Palatine traffic lawyer Palatine drug lawyer Deer Park real estate law firm Rolling Meadows corporate lawyer Arlington Heights employment law attorneys Schaumburg elder law lawyer Schaumburg real estate lawyer Rolling Meadows estate planning attorney Palatine corporate law attorneys Inverness probate lawyer FSLA Palatine elder law attorney Arlington Heights trucking lawyer Barrington estate planning attorney Arlington Heights injury attorney murder defense drug crimes lawyer Illinois motorcycle accident lawyer traffic tickets deadly crashes Palatine employment law lawyer Barrington litigation attorney Arlington Heights pedestrian accidents Illinois corporate lawyer Des Plaines medical malpractice attorney college kids Illinois license suspension Crystal Lake car accident attorney personal injury Arlington Heights estate planning attorney Chicago estate planning Crystal Lake employment lawyer loss of consortium School Visitation Rights Act Palatine estate planning lawyer Arlington Heights car accident lawyer Illinois jet ski accident lawyer distracted driving accidents bicycle accidents Palatine business attorney Riverwoods estate planning lawyer estate planning, digital assets, Revised Uniform Fiduciary Access to Digital Assets Act, Illinois digital assets, Illinois estate planning, Rolling Meadows probate lawyer Illinois employment attorneys revenge porn Palatine law firm Rolling Meadows traffic attorney South Barrington real estate attorney Rolling Meadows personal injury lawyer taxes vacation home Barrington estate planning lawyer cell phone tower data wrongful termination, employment law, whistleblower protections, Illinois employment laws, discrimination in the workplace Illinois job attorney dog bites Barrington employment law firm traffic violations Mount Prospect elder law attorney digital assets, digital fiduciary, estate planning, digital content, Long Grove estate planning lawyers Illinois workplace discrimination attorney Rolling Meadows marijuana attorney Illinois medical malpractice case Illinois medical malpractice lawyers material misrepresentation caretaker rights car crash injuries car collision Jay Andrew Chicago traffic lawyer Food and Drug Administration's Food Safety Modernization Act unauthorized overtime Schaumburg estate planning lawyer Illinois traffic ticket lawyer Barrington real estate lawyer Chicago employment attorney Arlington Heights tax lawyer reckless homicide distracted driving accident victims Illinois traffic accident lawyer independent contractor probate Barrington injury attorney Des Plaines criminal attorney Barrington personal injury lawyer trustee Crystal lake insurance dispute attorney Illinois mortgages workers compensation benefits pedestrian accident Arlington Heights criminal lawyer criminal record Illinois personal injury lawyer Crystal Lake medical malpractice law firm Landlord Tenant Ordinance comp time Rolling Meadows employment law attorney wage theft Long Grove estate planning attorney Rolling Meadows insurance dispute lawyers, insurance dispute Detainer Actions DUI attorney whistleblower protections new real estate form icy parking lots Illinois estate planning residential real estate irrevocable trust Palatine corporate attorney Crystal Lake pedestrian accident lawyer probate lawyer Illinois speeding lawyer Rolling Meadows criminal lawyer Schaumburg injury lawyer Inverness corporate attorney ObamaCare hit and run accident deed transfer speeding personal injury accidents insurance attorney landlord head on collisions commercial leasing unpaid assessment Illinois injury lawyer mass shooting traffic deaths overtime pay Illinois insurance attorney IRS probate claims Schaumburg drug defense lawyer Palatine trusts lawyer employment law, Illinois employment laws work unions Barrington workers compensation attorney eluding a police officer Illinois living will involuntary manslaughter pizza emoji Des Plaines drug lawyer natural gas Rolling Meadows business lawyer denial of life insurance Crystal Lake employment attorney hiring employees Des Plaines drug crimes lawyer sole proprietorship cell phone accidents Deer Park personal injury lawyer pet bites estate tax traffic accidents Arlington Heights traffic attorney Deer Park accident attorney Rolling Meadows litigation lawyer Fair Labor Standards Act Buffalo Grove medical malpractice lawyers DUI underinsured motorist accidental death benefits South Barrington real estate lawyer Palatine employment lawyer Inverness DUI lawyer texting and driving Illinois estate planning law firm life insurance lawyer home inspection lawyer traffic violations defense Schaumburg corporate attorney federal crimes Crystal Lake tax lawyer Illinois traffic attorney child safety Affordable Care Act Crystal Lake bike accident lawyer Des Plaines personal injury lawyer Long Grove real estate attorney estate planning trusts Illinois boating accident lawyer POA Schaumburg probate attorney medical malpractice claims Illinois Smoke Detector Act Schaumburg wrongful death attorney employment law Illinois car accident attorney Buffalo Grove employment lawyer PTSD Schaumburg construction accident lawyer medical malpractice, missed diagnosis, delayed diagnosis, medical mistake, Deer Creek medical malpractice lawyers Buffalo Grove car accident lawyer modern family estate planning insurance denials Palatine civil attorney Buffalo Grove probate lawyer Arlington Heights wills and trusts attorney Barrington employment law attorney drug possession boating accidents pet law driving digital media accounts, estate planning, Arlington Heights estate planning attorney, breathalyzer test Illinois red light cameras civil rights violation truck collisions Rolling Meadows drug defense attorney Chicago employment lawyer Barrington personal injury attorney Illinois employment laws first degree murder sexual images Barrington civil litigation attorney Illinois personal injury lawyers traffic laws insurance claim dispute Chicago attorney GM ignition switches brain injury Rolling Meadows insurance dispute lawyers trench injuries IRA trust transfer Illinois law