(760 ILCS 3/403) Sec. 403. Trusts created in other jurisdictions. A trust not created by will is validly created if its creation complies with the law of the jurisdiction in which the trust instrument was executed, or the law of the jurisdiction in which, at the time of creation:
(1) the person creating the trust was domiciled, had |
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(2) a trustee was domiciled or had a place of
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(3) any trust property was located.
(Source: P.A. 101-48, eff. 1-1-20; 102-279, eff. 1-1-22.)
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