El texto completo de esta guía está en inglés; el resumen anterior está en su idioma. Los resúmenes de las leyes y el inglés siguen siendo la fuente de referencia.
Records · 5 min de lectura
What the statute provides
760 ILCS 3/810 provides that a trustee keeps adequate records of the administration, keeps trust property separate from the trustee's own property, and — unless the trustee is a regulated bank — causes the trust property to be designated so that the trust's interest, to the extent feasible, appears in a third party's records; several trusts' property may be invested as a whole with clear records. A copy of the governing instrument in force at the termination is kept for at least 7 years afterward, and before the termination the trustee searches for trust property remitted to a state unclaimed-property administrator.
The accounting that rests on the record
The trust accounting describes the trust property, liabilities, receipts and disbursements, including the trustee's compensation, the closing values to the extent feasible, and the other material facts of the administration (760 ILCS 3/103), and goes at least annually to the current and presumptive remainder beneficiaries (760 ILCS 3/813.1(b)(2), (3)). An accounting or other writing that adequately discloses a matter starts a two-year period for a proceeding about it (760 ILCS 3/1005(a)(1)); without one, the longer periods of 760 ILCS 3/1005(b) apply.
Practical habits
One trust account; every receipt and invoice kept; distributions recorded with date, amount and recipient; valuations kept with their source; and copies of every notice with the date and method of sending. Expenses properly incurred are reimbursed (760 ILCS 3/709), and the record shows which were.
Las leyes, textualmente
Limitation on action against trustee
760 ILCS 3/1005 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Reimbursement of expenses
760 ILCS 3/709 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Recordkeeping and identification of trust property
760 ILCS 3/810 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Duty to inform and account; trusts irrevocable and trustees accepting appointment after effective date of Code
760 ILCS 3/813.1 ↗Explicación clara y sencilla; el texto literal del estatuto aún no está atestiguado en nuestra biblioteca. Consulte el estatuto oficial en el enlace de arriba.
Preguntas frecuentes
What records does an Illinois trustee have to keep?
Adequate records of the administration, with trust property kept separate and the trust's interest shown in the records of anyone else holding its property (760 ILCS 3/810), and a copy of the governing instrument for at least 7 years after the trust ends (760 ILCS 3/810(e)).
Can an Illinois trustee use a personal account for trust money?
The statute provides that trust property is kept separate from the trustee's own property (760 ILCS 3/810(b)).
Why do the records matter for the time limits?
A trust accounting or other writing that adequately discloses a matter starts a two-year period for a proceeding about it (760 ILCS 3/1005(a)(1)).
Lecturas relacionadas
El Centro de Aprendizaje es información general sobre la ley de Illinois — no es asesoría legal ni sustituye el consejo de un abogado de Illinois con licencia sobre sus hechos específicos. TrusteeClear es software, no un bufete.