Choosing a trustee is, perhaps, the most difficult decision you must make when completing an estate plan. Do you choose a family member or friend to be trustee? Why would you want a professional trustee? What should I look for in a trustee? What are the advantages of choosing a professional trustee?
Great Power
Your trustee will hold great power. That power comes with a tremendous amount of responsibility. Here is a short list of things a trustee is responsible for: collecting all assets, managing taxes, investments and real estate, following ever-changing rules, regulations, and laws and is personally responsible for all trust assets, distributions, filings, and document compliance. The trustee must also take care of beneficiary needs, answer beneficiary questions and account to all involved. Leaving your care and your beneficiaries in the hands of someone not qualified to administer trusts can be detrimental. Time, experience, resources and oversite favor choosing a professional trustee to serve you and yours:
September 5, 2024
In this article, we discuss land trusts and creditors claims against land trusts. A land trust in Illinois provides a unique opportunity for individuals to handle the ownership of real estate property that is not widely available to other states across the country.
September 5, 2024
In this article, we answer the question, “what is a trust contest?”, including “what does it mean to challenge a trust?”, “who can contest a trust in Illinois?”, “what are the legal grounds to contest a trust in Illinois?” and how to contest a trust in Illinois.
September 5, 2024
Please contact our friendly lawyers to Schedule a Consultation.
See below for our other locations. If our office locations are not convenient for you, we are happy to speak with you by phone.
The purpose of a consultation is to determine whether our firm is a good fit for your legal needs. Although we often discuss expected results and costs, our attorneys do not give legal advice unless and until you choose to retain us. Consultations may carry a charge, depending on the facts of the matter and the area of law. The cost of your consultation, if any, is communicated to you by our intake team or the attorney.
I am personally committed to ensuring that each one of our clients receives the highest level of client service from our team. Our mission is to provide excellent legal work in a cost-effective manner while maintaining open lines of communication between our clients and their attorneys. Many of our clients are going through difficult times in their lives when they reach out to us. They should feel comfortable leaning on the experience and knowledge of our attorneys as their counselors and advocates. We are here to help!