Category: Trusts

Anyone Could Have Special Needs Provided By: Alan G. Orlowsky A special needs trust is specially designed to hold the inheritance of a beneficiary, and to be used for needs above and beyond those covered by government programs. These trusts contain instructions that allow the Trustee to meet the needs of the beneficiary, but prohibit […]

Updates to Illinois Trust Law in 2015 Provided By: Alan G. Orlowsky Around 220 new laws went into effect in Illinois for 2015, and some of those laws pertained to updating laws regarding trusts established in the state. Three different public acts that went into law for this year involve the expansion of virtual representation, […]

Establishing a Special Needs Trust in Illinois By Alan G. Orlowsky In decades past, parents with disabled children only had two options for their care: disinherit the child so that they could receive government benefits or leave enough money in a traditional trust and hope that the money is used properly for care. However, people […]