(760 ILCS 3/1103)
Conversion by agreement.
Conversion to a total return trust may be made by agreement between a trustee and all qualified beneficiaries. The agreement may include any actions a court could properly order under Section 1108; however, any distribution percentage determined by the agreement may not be less than 3% nor greater than 5%.
(Source: P.A. 101-48, eff. 1-1-20