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Definitions. In this Act: "Citizenship or immigration status" means all matters regarding citizenship of the United States or any other country or the authority to reside in or otherwise be present in the United States.
- 760 ILCS 5/ - Trusts and Trustees Act. :: 2016 Illinois Compiled ...
(1) A person establishing a trust may specify in the...
- 760 ILCS 3/ - Illinois Trust Code. - Justia Law
Article 1 - General Provisions and Definitions. Article 2 -...
- 760 ILCS 5/ - Trusts and Trustees Act. :: 2016 Illinois Compiled ...
1 cze 2008 · (1) A person establishing a trust may specify in the instrument the rights, powers, duties, limitations and immunities applicable to the trustee, beneficiary and others and those provisions where not otherwise contrary to law shall control, notwithstanding this Act.
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.
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: (1) land trust; (2) voting trust;
ILLINOIS TRUST CODE On July 12, 2019, Governor Pritzker signed HB 1471, creating the Illinois Trust Code (ITC). The ITC, essentially a new set of laws applicable to various trusts in Illinois, is effective Janu-ary 1, 2020. Its precursor was the Illinois Trusts and Trustees Act. The ITC was developed primarily to reflect the Uniform
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.
A summary of key provisions, including practical reminders, that should help trustees get up to speed quickly on the new Illinois Trust Code. BY DANIEL P. FELIX