Trust Administration Lawyer in Chicago, IL
The time following the loss of a family member or loved one is perhaps one of the most stressful and emotional events a family or person can endure. Our Chicago, IL based trust administration lawyer from Bott & Associates LTD, understands this and will work to deliver you peace of mind by helping families protect their wealth and preserve relationships. We will meet with families during this time and hold their hands through the process of either probate or trust administration. We treat each client with kindness and respect, working to give each person the time and consideration they need to go through the process of either probate or trust administration.
Trust administration
If your loved one had a trust, (also known as a “living trust”,) a process known as trust administration must be performed. In most instances, trust administration does not involve the courts. The process of trust administration is primarily focused on following the predetermined requirements for distributing your loved ones wealth. The process typically takes about four months, and usually no more than one year to complete.
Following initiation of the trust administration process, we will focus primarily on following the asset distribution requirements as they are written in the trust documents. We will work to ensure the process is completed efficiently and legally, in accordance with the written requirements of the trustor.
When a loved one who is a trustor, becomes incapacitator or is in any way prevented from handling their own affairs, someone may be deemed as a successor trustee. Similarly in this case, if you happen to become named as a successor trustee to your loved one’s trust, we can easily instate the trust administration process for you. We will assist by guiding you through the process of trust administration every step of the way, and help you to be assured that your work is correct and everything is completed in accordance with the asset distribution requirements.
Hiring an experienced trust administration lawyer
At Bott & Associates, LTD, our team strives to provide personalized assistance with all of your trust administration related affairs. Our estate attorney has been practicing law for over 20 years, and is one of only a handful of members of the American Academy of Estate Planning Attorneys, in the Chicagoland area. The American Academy of Estate Planning Attorneys is a national exclusive organization dedicated to promoting excellence in all areas of estate planning. Our team is trusted by clients to be readily available when in need of assistance, to answer questions, and help with completion of every process related to trust administration.
Get a free consultation
The advice and direction of our trust administration lawyer will serve as a helpful resource from initiation and completion of the process, and will help ensure that assets are handled according to trusts requirements. To learn more about how our Chicago, IL trust administration lawyer can assist you, Illinois based residents often choose to contact Bott & Associates LTD, who are experienced in assisting clients through the process. Contact Bott & Associates LTD to request a free consultation today.