We know that coping with the death of a loved one is difficult enough without having to face the legal issues associated with administering an Illinois estate – and we’re here to help you through the entire process.
Understanding Illinois Estate Administration
Estate administration in Illinois is the act of gathering assets of the decedent’s estate, paying the decedent’s debts, and distributing the assets to designated beneficiaries. The estate administration process in Illinois can be overwhelming, especially for a family still grieving the loss of a loved one. An experienced estate administration attorney, like the team at Strohschein Law Group, can help you and your loved ones navigate the complex estate administration process.
Understanding Illinois Trust Administration
If you have implemented a trust-based plan, Strohschein Law Group can provide various levels of trust administration services. We can help navigate your loved one through the trust administration process while adhering to your instructions outlined in the estate plan. Our law firm can assist your trusted appointees, such as successor trustees and executors, in understanding their duties and guide them in their fiduciary decisions.
How an Attorney Can Help You During Estate or Trust Administration
If you need an estate administered in Illinois, our estate and trust administration attorneys can help. We can safeguard the process to ensure that the instructions are followed correctly and that all court procedures and files are completed.
The process of Illinois estate administration often includes:
- Collecting the decedent’s assets
- Filing all appropriate tax returns
- Determining and paying their debts and expenses
- Issuing a distribution to beneficiaries
What is a Decedents Estate in Illinois?
A decedent’s estate includes all of the personal assets and financial accounts owned at the time of death. After appointment as Executor or Administrator, the appointed individual collects the decedent assets and then makes arrangements to pay any outstanding debts and taxes. The remaining assets are distributed to the individuals or charities entitled to the property. At Strohschein Law Group, we can work with you and your loved ones to draft the proper legal documents ahead of time and help you navigate the steps needed for administering assets on your behalf.
Our Illinois estate administration attorneys can help you ensure the security of the decedent’s home or other assets. We can help you navigate the handling of the decedent’s Will and Trust. We can work with the decedent’s accountant, financial advisor, insurance, or real estate agent towards a speedy resolution of estate issues.
Navigate Estate and Trust Administration with an Experienced Illinois Attorney
Strohschein Law Group’s experienced team is here to guide you during the process of estate and trust administration. Our experienced team can help you and your loved one understand estate planning, long-term planning, care coordination, guardianship, estate administration, trust administration, and probate litigation in Chicago and surrounding collar counties in Illinois. Our St Charles law firm welcomes you to contact us and learn how we can help meet your estate and trust administration needs.