In this article, our Scott County trust attorneys explain how to modify a Scott County trust. If an estate plan does not consider unforseen changes or circumstances, there is a potential for litigation by beneficiaries. We look at trusts and give considerations on:
- Trust reformation
- Why would you reform a trust?
- How to reform a trust?
Termination or modification of a trust can potentially result in estate, gift, generation-skipping taxes ore even income tax issues.
Read the full article by our Scott County trust attorneys about modifying a Chicago trust.