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Wills, Trusts, & Estates Prof Blog
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Changes to Wills, Trusts, & Estates Laws in Illinois

By Gerry W. Beyer

Illinois New legislation in Illinois has resulted in a number of changes related to Wills, Trusts, and Estates, including the following:

  • Creation of a depository for orphan wills.  2009 Ill. Legis. Serv. P.A. 96-137.
  • Enactment of state qualified terminable interest property trust legislation.  2009 Ill. Legis. Serv. P.A. 96-789.
  • Enactment of the Banking Convenience Account for Depositors Act, allowing banks to offer convenience accounts.  In a curious provision of the bill, this statute is automatically repealed on January 1, 2015.  2009 Ill. Legis. Serv. P.A. 96-123.
  • Weakening the formalities necessary for a valid do not resuscitate request.  The DNR form now needs only one witness instead of two.  However, this witnesses must attest to a greater number of events surrounding the document’s execution.  2009 Ill. Legis. Serv. P.A. 96-765.

Posted in:
Estate Administration, Estate Planning - Generally, New Legislation, Trusts and Wills