by Dan Felix | Dec 1, 2023 | Successor Trustee
What some savvy folk are doing to better face the inevitable Many families are investing in preparation before their trusts become effective to minimize and avoid anticipated problems— problems which, if allowed to fester, can be costly in both dollars and family...
by Dan Felix | Nov 3, 2023 | Trust Crisis and How to Deal With Them
Consideration of the court decision and the trust administration issues in the case of Spencer v. Di Cola, 2014 Ill. App. (1st) 121173, 2014 Ill app LEXIS 289 (1st Dist. 5/1/14), rehearing denied, August 18, 2014, modified on denial of rehearing, 2014 Ill. App. (1st)...
by Dan Felix | Jul 4, 2023 | Successful Trust Administration
Consider the textbook case of administering a trust for a beneficiary who is challenged by sticking to a budget. A trustee’s escalating instructions and imposing consequences at best treat a symptom, and at worst are destructive both to the beneficiary and to a...
by Dan Felix | Aug 10, 2023 | Trust Crisis and How to Deal With Them
All too often families suffer the painful experience of their trust not working. Tensions and contentions, fights— maybe strained family holiday dinners, perhaps cancelled altogether! Court?! Here are the primary trustee troubles that can destroy a family: WORK...
by Dan Felix | Sep 5, 2023 | Trust Crisis and How to Deal With Them
How to replace the trustee who isn’t serving the best interests of the family During the course of trust administration, an unproductive relationship may develop between the trustee and the beneficiary. This fact is not surprising given the sad current reality: few...
