Articles Posted in Trust Litigation

5 Things to Know About Challenging a Trust in Illinois
Litico Law Group

Trusts can be an effective way to bequeath property and assets to loved ones while avoiding the stress and cost of the public probate process. However, there may be instances where a trust might be challenged in court. If you are considering contesting a trust in Illinois, it’s essential to understand that there are certain…

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Challenging a Trust for Lack of Capacity or Undue Influence
Litico Law Group

A trust can be a powerful tool to safeguard a settlor’s assets and reduce tax consequences for their loved ones. While these instruments can ensure the settlor’s property is protected and their wishes are met, it’s important to understand that there are some instances where these documents might be challenged. Significantly, if a settlor lacked…

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Can You Sue a Trustee for Mismanaging a Trust?
Litico Law Group

Trusts are often used in estate planning to provide a number of benefits — including protecting assets from creditors and transferring wealth to the next generation. A trustee has considerable authority over how the assets in a trust are managed and owe a fiduciary duty to the beneficiaries. Unfortunately, not every trustee adheres to these…

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What Is the Difference Between a Revocable and an Irrevocable Trust in Illinois?
Litico Law Group

There are many benefits to setting up a trust, and a wide variety of trusts can be created, depending on your objectives. These legal instruments fall into two primary categories — trusts can be either revocable or irrevocable. Although both types of trusts share some common attributes, there are several key differences. Whether you’re considering…

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