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Who is entitled to a copy of a trust in Illinois?

The beneficiaries then have vested interests in the Trust. Accordingly, the beneficiaries are entitled to a complete copy of the Trust and may request information regarding the assets, liabilities and administration of the Trust. Sometimes, however, the incapacity of a Settlor does not make the Trust irrevocable.

Can I see the trust documents?

Generally speaking, beneficiaries have a right to see trust documents which set out the terms of the trusts, the identity of the trustees and the assets within the trust as well as the trust deed, any deeds of appointment/retirement and trust accounts.

Are trusts public record in Illinois?

A living trust in Illinois provides a variety of benefits that cant be obtained from a will. Trusts are private documents and are not public record or reviewed by any court. No one will know who your beneficiaries are, what your assets are, and what the terms of your trust are. This is very appealing to many people.

Are beneficiaries entitled to a copy of the trust deed?

As a general rule, a beneficiary is entitled to a copy of the trust document, any deeds of variation of the trust, deeds of appointment and trust accounts. If further information is requested, it is at the discretion of the trustee as to whether it will be provided.

Where are trusts recorded in Illinois?

The Deed in Trust is recorded with the Register of Deeds in the county in which the property is located and indicates the property has been transferred to the land trust. c) The trust agreement is filed with the corporate trustee and necessary fees are paid.

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