(c) Can Stock Photo Some significant changes affecting trusts have come to Illinois with the New Year. Effective January 1, 2020, the Illinois Trust Code replaced the Illinois Trusts and Trustees Act. One of the biggest areas of change involves the duty of a trustee...
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Living Trust
Trusts Compared to Corporations
Diagram of relationship of business with stakeholders The concept of a trust is difficult for many people to grasp because a trust is a concept, and therefore is intangible. Another intangible concept that is more familiar, and therefore seems easier to understand,...
Trusts Compared to Corporations
Diagram of relationship of business with stakeholders The concept of a trust is difficult for many people to grasp because a trust is a concept, and therefore is intangible. Another intangible concept that is more familiar, and therefore seems easier to understand,...
The Benefits of Living Trusts
(c) Can Stock Photo After considering Who Needs a Will? The probate process can be avoided while still maintaining a very high degree of certainty that your estate will be handled by the persons who choose, the way you want it handled, by using a living Trust. Unlike...