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  • 760 Ilcs 5 8 5

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CERTIFICATION OF TRUST (Statutory Form pursuant to 760 ILCS 5/8.5, eff. 8/10/2015) 1. Name of trust: 2. Date trust instrument was executed: 3. Tax Identification Number of trust (SSN or EIN): 4. Name(s).

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How to fill out the 760 Ilcs 5 8 5 online

Filling out the 760 Ilcs 5 8 5 form online can streamline the process of establishing a trust certification. This guide provides clear, step-by-step instructions to help users accurately complete this important document.

Follow the steps to fill out the 760 Ilcs 5 8 5 form with ease.

  1. Click 'Get Form' button to obtain the form and open it in the editor.
  2. In the first field, enter the name of the trust as specified in your trust documents.
  3. Provide the date the trust instrument was executed in the appropriate section.
  4. Input the tax identification number of the trust, which can be either the Social Security Number (SSN) or Employer Identification Number (EIN).
  5. List the names of the settlor(s) who established the trust in the designated field.
  6. Fill in the names of the currently acting trustee(s) in the specified area.
  7. Provide addresses for the currently acting trustee(s) to ensure accurate contact information.
  8. Indicate whether co-trustees are required by checking the appropriate box and providing details if applicable.
  9. If there are co-trustees authorized to sign or authenticate on behalf of the trust, list their names; otherwise, state that there are no such co-trustees.
  10. Name successor trustee(s) in the appropriate section for future reference.
  11. Specify the powers of the trustee(s) by checking the boxes that apply and providing any additional relevant details.
  12. State how the title to the trust property shall be taken, providing specific details as needed.
  13. Indicate whether the trust is irrevocable or revocable, and if revocable, list the individuals holding the power to revoke.
  14. Confirm whether the trust is unamendable or amendable, and if amendable, provide the names of those who can amend the trust.
  15. Certify that the information is correct and sign the form in the space provided, including printed names.
  16. Complete the notary acknowledgment section to officially notarize the document.
  17. Finally, save your changes, and choose to download, print, or share the completed form as needed.

Complete your documents online today for a smooth and efficient process.

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(a) The trust instrument may specify the rights, powers, duties, limitations, and immunities applicable to the trustee, beneficiary, and others and those terms, if not otherwise contrary to law, shall control, except to the extent specifically provided otherwise in this Section.

(A “qualified beneficiary” is basically one who could receive a distribution from the trust currently or is likely to receive trust property when the current beneficiaries die or the trust terminates.) This notice must be given within certain prescribed time periods, such as 90 days after the trust becomes irrevocable.

A proper trust accounting in Illinois is required to include: An inventory of all trust assets on the date of the decedent's passing. A detailed description of all expenditures and disbursements, including where each disbursement was paid and the expenditure's purpose.

The Illinois Trust Code (ITC) now governs the obligations of trust fiduciaries and rights of beneficiaries, and its modifications to prior law have significant implications for trust preparation and administration.

The new Illinois Trust Code allows a settlor to waive the duty to account to particular beneficiaries for a period of time, during which the trustee need not disclose the terms, existence, or assets of a trust to the beneficiary.

Any time after a judgment of conviction is rendered, a person convicted of an infamous crime, bribery, perjury, or other felony may petition the Governor for a restoration of rights.

The new Illinois Trust Code allows a settlor to waive the duty to account to particular beneficiaries for a period of time, during which the trustee need not disclose the terms, existence, or assets of a trust to the beneficiary.

The powers of a distribution trust advisor may be exercised or not exercised in the sole and absolute discretion of the distribution trust advisor, and are binding on all other persons, including, but not limited to, each beneficiary, fiduciary, excluded fiduciary, and any other party having an interest in the trust.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate WorkFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232