Illinois § 708 Compensation of trustee

Illinois Statutes

§ 708 — Compensation of trustee

Illinois § 708

JurisdictionIllinois

TopicRIGHTS AND REMEDIES

Ch. 760TRUSTS AND FIDUCIARIES

Act 760 ILCS 3/Illinois Trust Code.

Art.Article 7 - Office of Trustee

This text of Illinois § 708 (Compensation of trustee) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

760 Ill. Comp. Stat. 708 (2026).

Text

(a)If the trust instrument does not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.

(b)If the trust instrument specifies the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:

(1)the duties of the trustee are substantially different from those contemplated when the trust was created; or (2) the compensation specified by the trust instrument would be unreasonably low or high.

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(a) If the trust instrument does not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances. (b) If the trust instrument specifies the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if: (1) the duties of the trustee are substantially different from those contemplated when the trust was created; or (2) the compensation specified by the trust instrument would be unreasonably low or high.