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


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