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In this article, we answer the question, “what is a trust contest?”, including “what does it mean to challenge a trust?”, “who can contest a trust in Illinois?”, “what are the legal grounds to contest a trust in Illinois?” and how to contest a trust in Illinois.
November 21, 2023
Totten trusts are essentially bank accounts with a named beneficiary. They are another tool in your estate planning toolkit and can help some of your assets avoid probate upon death. You may have also heard the term, “payable-on-death account” used interchangeably with Totten trust, and that’s because they are basically the same thing. They are both informal revocable trusts that are made when the account holder signs an agreement with the bank which details instructions on how to distribute the contents of the account to the named beneficiaries upon the death of the account holder.
November 17, 2023
Can you change or revoke your trust? What is the process for revoking your estate plan? Can every kind of trust be revoked? Estate Planning attorney Kevin O'Flaherty explains how to revoke a trust.
November 17, 2023
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