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Amendment to Living Trust Illinois Form

Amendment to Living Trust Illinois Form

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hi in this video we're discussing recent changes to Illinois living trusts uh first things first what's a living trust well think of it as a special box where you keep your property and assets it's set up while you're alive and you get to decide who gets what after you're gone pretty neat right um there's two main types revocable living trusts these are super flexible you can change them or even cancel them anytime you want you stay in control of everything in the trust while you're alive and guess guess what they turn into irrevocable trusts when you pass away irrevocable living trusts are kind of like once you set these up uh there's no takebackspace uses so you might be thinking do I still need a will if I have a trust good question trusts are awesome for handling property but they can't do everything so for example if you have kids you'll need a will to name a guardian for them plus sometimes people for

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