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Article 1 - General Provisions and Definitions. Article 2 - Judicial Proceedings. Article 3 - Representation. Article 4 - Creation, Validity, Modification, and Termination of Trust. Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts. Article 6 - Revocable Trusts. Article 7 - Office of Trustee.
Article 1 - General Provisions and Definitions. Article 2 - Judicial Proceedings. Article 3 - Representation. Article 4 - Creation, Validity, Modification, and Termination of Trust. Article 5 - Creditor's Claims; Spendthrift and Discretionary Trusts. Article 6 - Revocable Trusts. Article 7 - Office of Trustee.
Sec. 813.1. Duty to inform and account; trusts irrevocable and trustees accepting appointment after effective date of Code. (a) This Section applies to all trusts created under a trust instrument that became irrevocable after the effective date of this Code and, subject to Section 603, to all revocable trusts except with respect to a trustee of ...
Except as otherwise provided, this Code applies to express trusts, charitable or noncharitable, and trusts created pursuant to a statute, judgment, or decree that requires the trust to be administered in the manner of an express trust. This Code does not apply to any: created under the Grain Code.
CHANGES TO LAW. The ITC introduced many new changes to the law from the old Illinois Trusts and Trustees Act. One of the most significant changes is evident in Sections 813.1 and 813.2 regarding the duty to inform and account.
1 sty 2022 · Browse all sections of Illinois Chapter 760. Trusts and Fiduciaries in Findlaw's database
1 sty 2020 · Article 2 - [Effective 1/1/2020] Judicial Proceedings (§§ 3/201 — 3/204) Article 3 - [Effective 1/1/2020] Representation (§§ 3/301 — 3/307) Article 4 - [Effective 1/1/2020] Creation, Validity, Modification, and Termination of Trust (§§ 3/401 — 3/417)
