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A-B Trust The terms of an A & B trust provide that after the death of the person who created the trust the assets will be split between two sub-trusts, the A Trust and the B Trust. The A Trust benefits the...
Citations to Recover or Discover Property The representative (administrator or executor) of an estate can sue in any court for property taken from the decedent. A summary procedure is also provided for in a supplemental proceeding before the same probate court handling the estate. The representative...
Illinois Land Trusts An Illinois land trust is not a real trust. In a real trust a trustee takes title to assets and exercises all the rights of an owner over the assets. The trustee is responsible for managing and maintaining the assets....
