Sec. 709. Reimbursement of expenses.
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/il/chapter-760/act-3/709A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 709. Reimbursement of expenses.
(a)A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:
(1)expenses that were properly incurred in the administration and protection of the
trust; and
(2)to the extent necessary to prevent unjust enrichment of the trust, expenses that
were not properly incurred in the administration of the trust.
(b)An advance by the trustee of money for the protection of the trust gives rise to a right to reimbursement with reasonable interest.