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Financial Account Transfer to Living Trust Illinois  Form

Financial Account Transfer to Living Trust Illinois Form

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greetings and welcome to this week's edition of smart Council for lunch I'm attorney Abigail p with the law firm of Samuel Seward and Baylor and DEA Massachusetts we concentrate our practice in the areas of estate planning elder law probate and Trust Administration this week I wanted to spend some time continuing my uh minseries here on property and I want to discuss transferring your home into a revocable living trust so just to remind you a revocable living trust is a type of trust uh where you are the grant Tor the creator of the trust you're also the beneficiary the owner of any assets that are held in the trust during your lifetime and you're also the trustee or the manager of those assets typically revocable living trusts are done to avoid probate for any assets that are held in them during your lifetime when you pass away but there are also a lot of other reasons to do revocable living trust and it's a very common tool for people to utiliz

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