Trust Administration Process

McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION. REAL ESTATE AND ELDER LAW ATTORNEYS . Step 2: The Trustee Vacancy 760 ILCS 5/13 • Remaining trustee shall continue to act If no remaining trustee, then successor trustee can be appointed by a majority of the income beneficiaries • Check the trust instrument, likely it specifies terms for vacancy McPherson Law Offices ESTATE PLANNING, ESTATE & TRUST ADMINISTRATION & LITIGATION, REAL ESTATE AND ELDER LAW ATTORNEYS • • Step 3: Discover & Marshall the Ask the trustee Assets Review tax returns & supporting documentation Review account statements Schedules on trust instrument 4/19/2017 12

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