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

Sec. 416. Modification to achieve settlor's objectives.

51 words·~1 min read·/il/chapter-760/act-3/416

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Sec. 416. Modification to achieve settlor's objectives. 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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