Bill Title: Amends the Trusts and Trustees Act. Adds provisions establishing a directed trust as a type of trust and establishes responsibilities among a distribution trust advisor, trust protector, and other parties to the trust. Provides that the changes to a trustee's powers in a directed trust apply to all trusts in existence on the effective date and all trusts created after that date. Provisions concerning the administration of a trust are available to any trust that is administered in Illinois or governed by Illinois law unless the trust instrument expressly prohibits the use of one or more those provisions by specific reference.

Sponsorship: Partisan Bill (Democrat 2)

Status: (Passed) 2012-08-10 - Public Act . . . . . . . . . 97-0921 [HB4663 Detail]

Text: Latest bill text (Chaptered) [HTML]

---

Voting Records

Chamber	Vote	Date	Yea	Nay	NV	Abs	Total	Result	Source	View
Senate	Third Reading in Senate	2012-05-16	55	0	4	0	59	Passed	Link	View
House	Third Reading in House	2012-03-29	106	1	1	3	111	Passed	Link	View