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Notice of Assignment to Living Trust Illinois Form

Notice of Assignment to Living Trust Illinois Form

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how do you set up a trust in Illinois we get this question a lot so here are some basic steps for you step one you need to make sure that your trust is written down and properly signed I know that might sound surprising but you can actually have an oral trust good luck proving the actual terms of an oral trust and when not if but when there is a dispute your kids will end up in Probate Court and that is exactly what we are trying to avoid so if you are creating a trust the first step is to write it down by the way the creator of a trust is called the gror if you are creating your own trust you are the grandor step two you need to have a trustee this is the person who's going to manage your trust if you're setting up your own trust you are going to be the trustee during your life but you need to have someone who will take over when you are gone step three you have to fund the trust which is basically putting your assets into the trust this may require changing the name o

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