{"data":{"id":"us-il/760-ilcs-3-1102","jurisdiction":"us-il","citation":"760 ILCS 3/1102","heading":"Conversion by trustee.","body":"A trustee may convert a trust to a total return trust as described in this Article if all of the following apply:\n(1) The trust describes the amount that may or must be distributed to a beneficiary by referring to the trust's income, and the trustee determines that conversion to a total return trust will enable the trustee to better carry out the purposes of the trust and the conversion is in the best interests of the beneficiaries;\n(2) the trustee sends a written notice of the trustee's decision to convert the trust to a total return trust, specifying a prospective effective date for the conversion and including a copy of this Article, to all of the qualified beneficiaries; and\n(3) no qualified beneficiary objects to the conversion to a total return trust in a writing delivered to the trustee within 60 days after the notice is sent.","path":["CHAPTER 760 TRUSTS AND FIDUCIARIES","Illinois Trust Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=4001\u0026ChapterID=61\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:44Z","sha256":"380a31db6b2bce26763009125b49daeacffa14eef56258fc7e411229748c0b4f","source_id":"us-il","stale":false,"prev":"us-il/760-ilcs-3-1101","next":"us-il/760-ilcs-3-1103"},"notice":"GroundRules: Original legal text. Not legal advice."}