Code · Illinois · Chapter 760 — TRUSTS AND FIDUCIARIES · Act 3

Sec. 1108. Restrictions.

90 words·~1 min read·/il/chapter-760/act-3/1108

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 1108. Restrictions. Conversion to a total return trust does not affect any provision in the trust instrument:

(1)directing or authorizing the trustee to distribute principal;

(2)directing or authorizing the trustee to distribute a fixed annuity or a fixed

fraction of the value of trust assets;

(3)authorizing a beneficiary to withdraw a portion or all of the principal; or

(4)in any manner that would diminish an amount permanently set aside for charitable

purposes under the trust instrument unless both income and principal are so set aside.