Post-Death Administration of Estates & Trusts

Review the impact of the Illinois Trust Code and learn steps you can take to resolve common and not so common issues.

Now that we have been living with the Illinois Trust Code for over a year, hear from a practitioner and a trustee about lessons learned, pitfalls to avoid and suggestions to smooth the road ahead.

Focus on drafting tax apportionment clauses and how the standard clause can have unintended consequences if not discussed with the client. We will review several examples to demonstrate how a standard apportionment clause, or a lack of any direction as to the payment of estate taxes, could impact the ultimate distributions under an estate plan.