If your ailing relative wants to make his or her will, the concept of capacity could come into play. Capacity to make a will affects whether the will is valid when the relative’s estate is distributed. If the creator of Read More....
Information a Trustee Should Gather After the Trust Settlor Dies
After a trust settlor dies, the trustee often needs to gather important information about the trust. The settlor’s death triggers the need to inventory the trust assets and perform administrative tasks. A trustee in this situation must first locate documents Read More....
Can Creditors Seek Repayment of Debts from Your Estate?
If you are in debt, you might hope that the creditors will go away after you die. Your relatives shouldn’t have to pay back the debts that you owe, right? Unfortunately, the law does allow creditors to seek repayments of Read More....
Can a Trust Creator Ever Act as the Trustee, and Why?
Sometimes, the creator of a trust also acts as its trustee. This situation most often happens when someone creates a trust intended to benefit relatives after the creator passes away. Why Would the Trust Creator Act as the Trustee? Often, Read More....
Do Trust Beneficiaries Have Legal Rights in Illinois?
Trust beneficiaries have legal rights in Illinois to receive information related to the trust and to receive distributions from it. If you are a trust beneficiary, you may want to know more about your rights to ensure that the trustee Read More....