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Estate planning involves outlining someone’s wishes regarding finances, property, and medical care in the event that he or she becomes incapacitated and is unable to make those decisions, or when he or she passes away. These essential and legally binding documents are often referred to as living trusts, and the person who creates it is called the “grantor.” This type of trust requires minimal maintenance during the grantor’s life. Upon the grantor’s death, however, the trust becomes irrevocable and certain legal actions must be taken to enforce it. While every trust and estate is unique depending on an individual’s situation… Continue Reading What Is Involved in Administering an Illinois Estate or Trust?