Trust Administration in Illinois

Trust Administration in Illinois: A Guide for New Trustees

Congratulations on setting up your trust or being appointed as a trustee! Trust administration is a crucial process that ensures the intentions of the trust creator, or grantor, are carried out effectively and in accordance with Illinois law. Understanding the steps involved in funding and administering a trust is essential. This guide aims to answer common questions and provide clarity on these processes.
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Choosing a Trust: Pros & Cons by Trust Type

Trusts are versatile estate planning tools that offer various benefits, including asset protection, tax efficiency, and control over the distribution of assets. In Illinois, individuals have several options when it comes to choosing the type of trust that best suits their needs and objectives. Let's explore some common types of trusts available in Illinois and their key features.