Le texte intégral de ce guide est en anglais ; le résumé ci-dessus est dans votre langue. Les résumés des lois et l'anglais restent la source de référence.
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Delegating with care
760 ILCS 3/807 provides that a trustee may delegate duties and powers a prudent trustee of comparable skills could properly delegate under the circumstances, exercising reasonable care, skill and caution in selecting the agent, establishing the scope and terms of the delegation, and periodically reviewing the agent's actions. The agent owes the trust a duty of reasonable care, and a trustee who complies is not liable for the agent's actions. Before delegating an investment function, the trustee inquires into the agent's experience, performance history, professional licensing or registration, and financial stability (760 ILCS 3/909).
Engaging professionals
Among a trustee's specific powers are engaging attorneys, accountants, investment advisors, appraisers and other agents, and paying their reasonable compensation (760 ILCS 3/816). Expenses properly incurred are reimbursed from the trust (760 ILCS 3/709).
Directing parties
Where the instrument gives an investment trust advisor, a distribution trust advisor or a trust protector a power to direct, 760 ILCS 3/808 provides that the directing party is a fiduciary with a trustee's duties, that the excluded fiduciary acts in accordance with the direction and has no duty to monitor, review, inquire, investigate, recommend, evaluate or warn about it, and that the excluded fiduciary is not liable for a loss from following the direction except for its own willful misconduct. The instrument says who holds which power.
Les textes de loi, mot pour mot
Delegation by trustee
760 ILCS 3/807 ↗Explication claire et simple ; le texte intégral de la loi n'est pas encore attesté dans notre bibliothèque. Consultez la loi officielle via le lien ci-dessus.
Directed trusts
760 ILCS 3/808 ↗Explication claire et simple ; le texte intégral de la loi n'est pas encore attesté dans notre bibliothèque. Consultez la loi officielle via le lien ci-dessus.
Specific powers of trustee
760 ILCS 3/816 ↗Explication claire et simple ; le texte intégral de la loi n'est pas encore attesté dans notre bibliothèque. Consultez la loi officielle via le lien ci-dessus.
Delegation of investment and management functions
760 ILCS 3/909 ↗Explication claire et simple ; le texte intégral de la loi n'est pas encore attesté dans notre bibliothèque. Consultez la loi officielle via le lien ci-dessus.
Questions fréquentes
Can an Illinois trustee hire an investment advisor?
Yes. A trustee may delegate duties and powers a prudent trustee could properly delegate, with reasonable care in selecting, instructing and reviewing the agent (760 ILCS 3/807), after inquiring into the agent's experience, licensing and financial stability (760 ILCS 3/909).
Is an Illinois trustee liable for following a directing party?
An excluded fiduciary that follows a directing party's direction is not liable for a loss from doing so, except for the excluded fiduciary's own willful misconduct (760 ILCS 3/808(f)).
Can an Illinois trustee pay a lawyer from the trust?
Engaging attorneys and paying their reasonable compensation is among a trustee's specific powers (760 ILCS 3/816), and expenses properly incurred are reimbursed (760 ILCS 3/709).
Lectures liées
Le Centre d'apprentissage est de l'information générale sur la loi de l'Illinois — pas un avis juridique, ni un substitut aux conseils d'un avocat de l'Illinois agréé sur vos faits précis. TrusteeClear est un logiciel, pas un cabinet.