Home     Law Advice     Insurance Advice     Community    
Wills, Trusts and Estate Planning : Includes Living Trusts, Estate and Gift Tax Planning, etc.
Go Back   FreeAdvice Legal Forum > WILLS & TRUSTS > Wills, Trusts and Estate Planning

Powered by Attorney Pages


  Find An Attorney In Your Area    
 

Reply
 
LinkBack Thread Tools Rate Thread Display Modes
  #1  
Old 11-02-2009, 10:04 PM
Junior Member
 
Join Date: Nov 2009
Posts: 1

Termination Clause in a Revocable Living Trust?


This is in reference to ILLINOIS state law, specifically 760 ILCS.

I'm writing a revocable living trust for class. I've thumbed through 760 ILCS (Illinois' statutes on Trusts and Fiduciaries) and various example trusts online but I can't find where a termination clause in a revocable living trust is supposed to be placed, my teacher cryptically responded "In a logical place", but I can't find any specific mention of it in the statutes.

I'm not asking for an answer but if someone could point me in the right direction I'd be incredibly grateful.
  #2  
Old 11-02-2009, 10:23 PM
Member
 
Join Date: Mar 2002
Location: oregon
Posts: 940
My trusts have the termination language in the last article of the trust, "Miscellaneous Provisions". The location is the last page of the body of the trust, before signatures.
  #3  
Old 11-03-2009, 12:13 AM
Member
 
Join Date: Jul 2008
Posts: 411
there is no place that a clause HAS TO GO, such that it is legal if it is here, and not legal if it is there.

you should place the declaration clause first.

not sure what you mean by termination clause.

i have a small trust termination section in my MISCELLANEOUS PROVISIONS article. this gives the trustee the ability to terminate the trust when the cost to administer the trust is high, compared to the relative amount that each beneficiary is receiving.

i divide my articles into sections, although this wording is not crucial.
Reply



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Forum Jump

All times are GMT -5. The time now is 06:50 AM.



IMPORTANT NOTICE
THE VIEWS EXPRESSED ON THIS PAGE WERE NOT REVIEWED BY THE EDITORIAL STAFF OR ATTORNEYS AT FREEADVICE.COM. Thousands of professionally prepared and reviewed questions and answers in 130 legal categories are to be found at the Question and Answer pages at FreeAdvice.com.

F
reeAdvice Forums are intended to enable consumers to benefit from the experience of other consumers who have faced similar legal issues. FreeAdvice does NOT vouch for or warrant the accuracy, completeness or usefulness of any posting or the qualifications of any person responding. Use of the Forums is subject to our Terms and Conditions which prohibit advertisements, solicitations or other commercial messages, or false, defamatory, abusive, vulgar, or harassing messages, and subject violators to a fee for each improper posting. All postings reflect the views of the author but become the property of FreeAdvice. Information on FreeAdvice or a Forum should not be relied upon and is not a substitute for advice from an attorney licensed in your jurisdiction who you have retained to represent you. To locate an attorney visit AttorneyPages.com. Copyright since 1995 by Advice Company. All Rights Reserved.