Estate Trust Administration

Estate Trust Administration Representation from a Chicago Attorney

After a person has passed away, there are a number of estate matters that must be tended to. One of these is administration of any trusts that may have been established. Trust administration can be time consuming and complex, though with the assistance of a lawyer, can be handled in an effective and efficient manner.

Since 1980, we at Zapolis & Associates, P.C. have assisted trustees and other estate representatives in dealing with estate trust administration. Attorney Robert Zapolis leads our firm is providing personalized representation designed to meet our clients' estate administration needs. We take the time to help explain your rights, options and obligations regarding estate trust administration. Contact us today to learn more about the services that we offer.

Administration of Trust Estates

Our firm represents trustees throughout the process of settling estates. Estate administration of trusts does not happen in court; however, trustees may need legal assistance in several areas. Many individuals who are named as the trustee may not understand the duties of a trustee. For example, trustees are required to notify the beneficiaries of the decedent's death, sell the house or other real estate if necessary, pay the estate's debts, and distribute property and assets according to the decedent's wishes. Our firm provides advice and representation for trustees to ensure that their responsibilities are met.

The amount of time that it takes to settle a trust and distribute its assets frequently depends on whether or not an estate tax return is due. If a return will be due, it is usually beneficial to wait until after a closing letter is received from the IRS to make final distributions. The amount of time this takes may be extended if the estate ends up being audited.

To discuss the administration of an estate or trust, contact attorney Robert Zapolis at Zapolis & Associates in Chicago today. We can review your situation and determine the best way in which to proceed. Our firm can advise on selling a house connected with a trust, as well as a wide range of other estate planning and administration matters.