PROBATE & TRUST ADMINISTRATION
Illinois Probate Administration Attorneys
Northbrook Trust Administration Law Firm
Probate and trust administration can be a confusing and overwhelming process for executors and trustees. At The Wochner Law Firm, our Northbrook, Illinois probate and trust administration lawyers advise executors of probate estates and trustees of all types of trusts regarding the administration of the estate and/or trust.
What is probate?
Probate is a court-managed process through which a person’s estate is administered after his or her death. Through the probate process, the decedent’s debts are paid and distributions are made to his or her heirs and beneficiaries. If the decedent left a carefully drafted will that provides for the distribution of his or her assets, the probate process is often administered rather efficiently and quickly. If the decedent did not leave a will or there is a dispute about the validity of the decedent's will, however, the probate process can be lengthy, tedious, time-consuming and costly.
The use of a living trust in conjunction with a will can be used to avoid the probate process altogether. In Illinois, the executor under a will or a trustee under a trust must see that the decedent’s debts are paid and that the assets of the estate or trust are properly distributed according to the applicable document. Oftentimes, an estate’s executor is a loved one of the decedent who is likely dealing with the emotional aftermath of the decedent’s death, which can make it difficult to manage the legal and financial issues associated with probate and trust administration. The Illinois probate administration attorneys at The Wochner Law Firm understand the complexity of probate administration and we work with the probate court to administer the will according to the decedent's wishes so that the executor and decedent's beneficiaries do not bear the burden alone.
What estate and trust administration services are provided?
The Northbrook probate attorneys at The Wochner Law Firm help trusted advisors and family members through the probate and trust administration process after the death of a loved one. During this difficult time, we focus on providing compassionate legal advice, helping clients through the probate and trust administration process so that they can focus on spending time with their family and loved ones. For instance, we provide the following types of services during the probate and trust administration process:
- Educating executors, trustees, and beneficiaries about the probate and trust administration processes
- If probate is necessary, ensuring that the decedent's will moves through the probate process quickly and efficiently
- Ensuring efficient trust administration
- Preparation of state and federal estate and inheritance tax returns
- Consultations with the trust and estate accountants to ensure that distributions are made in a tax-effective way
- Advising heirs and beneficiaries, when asked and appropriate, regarding post-mortem estate planning techniques in order to minimize future tax implications
The Chicago probate and trust administration attorneys at The Wochner Law Firm pride themselves on providing compassionate, knowledgeable, and practical legal advice. Contact our skilled Chicago area probate and trust administration attorneys at (847) 272-7360 to schedule a free consultation to learn how we can help you through the probate and trust administration process.