When you sit down to create your estate plan a wide variety of decisions will have to be made, starting with deciding on your estate planning goals and objectives. From there, you must decide what estate planning tools and strategies are best suited to achieving those goals and objectives. The unique nature of an estate plan means that no two plans are exactly alike; however, there are common components found in many plans.
Trust agreements, for example, are frequently included in a comprehensive estate plan. Only an in-depth consultation with your Illinois estate planning attorney can help you decide if a trust agreement is right for your plan but knowing a little more about trusts is a good place to start if you are considering adding one to your estate plan.