A practical, authoritative guide for Illinois practitioners, this handbook addresses every phase of trust practice from creation and administration to litigation and termination while exploring trustee duties, taxation and investments, charitable trusts, court involvement, and compliance under the Illinois Trust Code.
Whether you are fashioning, managing, challenging, or terminating a private or charitable trust, this handbook provides you with all the guidance you need. All the fine points of this practice area are covered, along with significant treatment of topics including the interplay of income taxation and investments in dealing with trusts, the role and liability of the trustee, administration, discretionary distributions, charitable trusts, litigation, obtaining assistance from the court, and other important issues regarding the duty to inform and account under the Illinois Trust Code.
Chapter 1 — Creation of the Trust
Laurence J. Kline and Grace L. Luetkemeyer, Hoogendoorn & Talbot LLP, Chicago
Chapter 2 — Role of the Trustee
Katy Crafton Fluet, McDermott Will & Schulte LLP, Chicago and Silicon Valley, CA and Jane Zhao, McDermott Will & Schulte LLP, Chicago
Chapter 3 — Liability of the Trustee
Melisa Seyhun and David C. Blickenstaff, ArentFox Schiff LLP, Chicago
Chapter 4 — Administration of the Trust: Recordkeeping and Allocation of Principal and Income
Sophia M. Yanuzzi and Charlotte M. Schmidt, Mayer Brown LLP, Chicago
Chapter 5 — Discretionary Distributions
William R. Franzen, ArentFox Schiff LLP,and Jeanette S. Suarez Hunter and Elise J. McGee, McDermott Will & Schulte LLP, Chicago
Chapter 6 — Investments
Lauren A. Evans, Bank of America Private Bank, Chicago
Chapter 7 — Income Taxation of Trusts
David A. Berek, Venable LLP, and Jonathan W. Michael, The Michael Law Group, P.C., Chicago
Chapter 8 — Termination of the Trust
Samantha E. Weissbluth and Patrick J. Bushnell, Harrison LLP, Chicago
Chapter 9 — Obtaining Assistance from the Court
Linda S. Fine and Michael P. McElroy, Buckley Fine, LLC, Barrington
Chapter 10 — Administration of Charitable Trusts
Sophia M. Yanuzzi, Mayer Brown LLP, and Victoria Pambianco Ose, McDermott Will & Schulte LLP, Chicago
Chapter 11 — Trust Contests
Ray J. Koenig III, Clark Hill PLC, and Samantha E. Weissbluth, Harrison LLP, Chicago
