The Legal Line with Cliff Kelley – July 2017
The Importance of A Properly Administered Trust
A properly drafted and administered trust is an effective planning tool to help estates avoid going through probate. However, a trust cannot accomplish this goal unless it is administered correctly, ensuring the trustmaker’s wishes are carried out. A properly administered trust requires oversight. There are also costs and expenses associated with trust administration. An Illinois trust attorney advises and guides trustees through this often-confusing process.