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A living trust transfers all
Submitted by elizabethcarlsen on
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A living trust transfers all
Submitted by elizabethcarlsen on
A living trust transfers all or part of your property into a trust fund that is revocable at any time. In Illinois a revocable living trust does not need to be filed with a court or other governmental agency in order to be valid. However, Illinois does have a few requirements to ensure the trust is recognized as valid. For example, the terms of the trust must be in writing and the grantor must sign the trust document. It is not required by law in Illinois to have your revocable trust notarized, however, notarizing the document will add to the perceived validity of the document. This may be helpful if the trust’s legitimacy is later challenged. If you have any questions regarding how to execute a valid living trust in Illinois, contact an attorney in your state.
A living trust transfers all or part of your property into a trust fund that is revocable at any time. In Illinois a revocable living trust does not need to be filed with a court or other governmental agency in order to be valid. However, Illinois does have a few requirements to ensure the trust is recognized as valid. For example, the terms of the trust must be in writing and the grantor must sign the trust document. It is not required by law in Illinois to have your revocable trust notarized, however, notarizing the document will add to the perceived validity of the document. This may be helpful if the trust’s legitimacy is later challenged. If you have any questions regarding how to execute a valid living trust in Illinois, contact an attorney in your state.