Attorney in Cook County, Illinois
Reliable Estate Lawyer Advise Trustees in the Oak Park Area
At Hesik~Prybylo Law Offices, our attorney advises clients in the Oak Park area and throughout Illinois on how to comply with all aspects of trust administration accurately and completely. Trustees can benefit from sound legal guidance so they are not held personally liable for losses in the value of estate assets due to errors or misconduct.
In addition, for individuals who want an experienced third-party representative to oversee their trust, we can assume administration duties, offering a qualified attorney to serve as trustee. We guide individuals through trust administration with confidence and efficiency.
Reputable Law Firm Counsels Trust Fiduciaries
Once a grantor establishes a trust, either they or a reliable fiduciary must act as trustee. The trustee is responsible for seeing to the completion of necessary tasks according to state laws and the terms of the trust. The attorney at Hesik~Prybylo Law Offices provides advice to trustees so they can capably manage duties related to trust administration, including:
Communication with beneficiaries
Investment of assets
Management of assets, including real property
Collection from debtors and payment of creditors
Preparation of accountings
Preparation of tax returns
Distributions to beneficiaries
Trust administration requires careful attention to each detail of the grantor's wishes. We support trustees during every step of their administration efforts and help them avoid missteps.
As a trustee, securing legal counsel may help you avoid costly errors during the trust administration process.
Knowledgeable Counselor Handles a Wide Variety of Trusts
There are many different types of trusts, each with its own rules and regulations. We are well-versed in matters related to both common and less frequently encountered trusts, including:
Credit shelter trusts (CST)
Qualified Terminable Interest Property (QTIP) trusts
Qualified Personal Residence Trusts (QPRT)
Charitable remainder trusts
Irrevocable life insurance trusts
If you have been named a trustee, securing legal counsel is often beneficial. The attorney at Hesik~Prybylo Law Offices provides highly ethical representation to trustees. We work to maintain the fiscal strength of trusts so that they serve beneficiaries through their intended lifetime.
Contact a Reliable Illinois Trust Administration Law Firm
The trust administration process can feel overwhelming for individuals unfamiliar with estate law. Our attorney can help to ease the burden for clients in Illinois. To schedule a consultation with Hesik~Prybylo Law Offices, call our Oak Park office, or contact us online.