Legal Question in Wills and Trusts in Illinois
Do I need a new will?
I made a will a few years ago leaving everything to my son. Now I would like to set up a trust fund for him should I die. Will I have to have another will written saying a trust fund should be set up? Or would a separate trust document be o.k.?
Asked on 8/26/08, 4:45 pm
1 Answer from Attorneys
Jeffrey R. Gottlieb
Law Offices of Jeffrey R. Gottlieb, LLC
Re: Do I need a new will?
You can set it up either way, however, you should have your will and estate plan reviewed/updated together so that everything is properly coordinated, including the titling of assets and the designation of beneficiaries.
Answered on 8/26/08, 4:50 pm