Claims and Contested Matters in Probate and Under the New Illinois Trust Code

Post-Death administration requires hiring and coordinating with a host of specialists, including but not limited to accountants and appraisers. As the Executor or attorney for the Executor, you will need to get these folks involved quickly. The first part of this session will focus on how to plan your work with these professionals. The second part of the session will explore working with an investment professional, with a particular focus on how to manage investments during the post-death period.

Learn about duties pursuant to the 900 Series, including settlement efforts; how and when to issue reports or memoranda, and timing issues related thereto; and other discretionary matters.

Antiques, art, jewelry, and other family heirlooms are often the source of the most anxiety and carry the greatest potential for conflict following a death in the family. In many cases, the financial value of the “stuff” is modest relative to other assets that comprise a typical estate or trust. Mitigating the risks of fights over stuff also goes beyond the standard language that is often written into estate plan documents to dispose of tangible personal property at death. Examine a few of the ways in which planners can help their clients reduce the risk of destructive and costly fights over stuff long before their clients actually die.