Chapman and Cutler LLP's Trust Counsel Services Group routinely works with in-house trust counsel at several corporate fiduciaries to identify and address legal and regulatory issues arising from their trust and estate administration business groups.
For years, Chapman and Cutler LLP attorneys have provided valuable insights and advice to in-house trust counsel.
Our Trust Counsel Services practitioners offer effective and efficient legal services to corporate fiduciaries and their trust and estate administrators. We have a long history of working directly with trust counsel and trust and estate administrators on a wide variety of matters.
Our attorneys handle a variety of legal matters, including trust and will construction issues, trust and estate administration issues and income and transfer tax issues.
For example, we recently have advised and assisted several trustees and trust beneficiaries regarding the conversion of irrevocable trusts with restrictive investment and income payment provisions to trusts that permit investment of trust assets and payment to trust beneficiaries based upon the "total return" of trust investments.
We advise corporate fiduciary clients on regulatory matters and develop contracts and forms for various services and products they offer. An example is the advice and development of documentation relating to indivudial retirement accounts and trusts.
We have been involved in the transfer of situs of trusts from one jurisdiction to another.
We also work with the members of our Fiduciary Litigation Group assisting in the litigation and resolution of controversies between fiduciaries and estate and trust beneficiaries.
- Wallenfelsz, Rebecca: "The Practicalities and Complexities of Administering Non-Traditional Investments in Fiduciary Accounts," Illinois Institute of Continuing Legal Education, April 2010