Illinois Statutes
§ 416 — Modification to achieve settlor's objectives
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
To achieve the settlor's tax objectives or objective to qualify for government benefits, the court may modify the terms of a trust in a manner that is not contrary to the settlor's probable intention. The court may provide that the modification has retroactive effect.
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Illinois § 416 (Modification to achieve settlor's objectives) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22 .)