In this article, our Lincoln Park trust lawyers share how to modify a Chicago trust. There is the potential for litigation by beneficiaries if an estate plan does not consider unforeseen changes or circumstances. We look at trusts and give considerations on:
- reformation of a trust,
- reasons why you would reform a trust,
- and how to reform a trust.
Termination or modification of a trust could result in estate, gift, generation-skipping tax or even income tax ramifications.
Read the full article by our Lincoln Park trust attorneys about modifying a Lincoln Park trust.