SB0063sam001 99TH GENERAL ASSEMBLY

Sen. Chris Nybo

Filed: 2/27/2015

09900SB0063sam001 LRB099 01013 HEP 27306 a

AMENDMENT TO SENATE BILL 63

AMENDMENT NO. ______. Amend Senate Bill 63 by replacing everything after the enacting clause with the following:

"Section 5. The Trusts and Trustees Act is amended by adding Section 18.5 as follows:

(760 ILCS 5/18.5 new)

Sec. 18.5. Acceptance of trust terms. By accepting a benefit under a trust instrument designed to achieve the effect of testation, the beneficiary admits the instrument to be a valid trust. A beneficiary of a trust may not accept a benefit under the instrument and at the same time set up a claim which is contrary to the substantive terms of the trust; however, exceptions applicable to the doctrine of election as applied to wills also apply to trusts.".