§ 407 — Evidence of oral trust

Illinois § 407

• Jurisdiction: Illinois
• Topic: RIGHTS AND REMEDIES
• Ch. 760: TRUSTS AND FIDUCIARIES
• Act 760 ILCS 3/: Illinois Trust Code.
• Art.: Article 4 - Creation, Validity, Modification, and Termination of Trust

Text

Except as required by a statute other than this Code, a trust need not be evidenced by a trust instrument, but the creation of an oral trust and its terms may be established only by clear and convincing evidence.

Legislative History

(Source: P.A. 101-48, eff. 1-1-20 .)