Tag: trusts

Trust Administration Disputes

trust administration

A critical part of creating a living trust is to choose who will be the successor trustee. A successor trustee takes over the management and administration of the trust if the trust creator becomes incapacitated or passes away. A trustee stepping in has many duties related to trust administration, including a fiduciary duty to the beneficiaries of the trust….

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Types of Trusts

trusts

Trusts are popular estate planning tools, and different kinds of trusts have different purposes and benefits. The following is a brief overview of types of trusts – to discuss the best kind for your specific situation, you should consult with an experienced estate planning lawyer in Illinois. Revocable Living Trust – This is a trust that you can manage…

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