Many people believe that a trust is a trust is a trust. But that's not really so. There are differences in various trusts -- as an Illinois lawyer would be able to explain; however, a living trust may be just the ticket for some individuals to consider when they're doing their estate planning. A living trust is called living since its inception is during the life of the grantor. Such trusts can either be revocable or irrevocable and as the names imply, one can be changed, while the other can't be.
How trusts can be beneficial to estate planning
Estate planning: When Illinois residents have chronic illnesses
When people are dealing with a chronic illness -- or a beloved family member is -- there are things that should be discussed even when discussing them can be delicate. Life is unpredictable in the best of circumstances, but for Illinois residents who live with chronic illness, it may be even more so. But having a talk about estate planning may be one of the most important talks in these instances.
