Posted by John B. on December 12, 2013 at 16:55:57 from (50.40.67.67):
I'll try to make this short. Well my parents have recently rolled their estate trust into an Irrevocable trust since our Gov Quinn here in IL has made some changes to the laws surrounding a revocable trust. Because the state of IL is broke.
I have three siblings and we get along. All four of us are Trustees on the trust. The lawyer didn't recommend all four of us as trustees but we assured him that we could get along. An odd number of trustees are better he said. An even number of trustees can end up in a hung jury at the time of decision making. My questions are. How many of you have gone thru settling an estate thru an irrevocable trust? What can a person expect?
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