Trust Administration Process

McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS • Step 7: Communicate with Beneficiaries The sooner the better! Identify the beneficiaries Are any deceased? 760 ILCS 5/5.5 Gifts to a deceased beneficiary Check the terms of the trust McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS Step 7: Communicate with Beneficiaries Residuary Beneficiaries Residuary beneficiaries are beneficiaries who receive the remainder of assets after payment of expenses and specific bequests 4/19/2017 22

View entire presentation