{"data":{"id":"us-il/760-ilcs-3-817","jurisdiction":"us-il","citation":"760 ILCS 3/817","heading":"Distribution upon termination.","body":"Upon the occurrence of an event terminating a trust in whole or in part, or upon the exercise by a beneficiary of a right to withdraw trust principal, the trustee shall proceed expeditiously to make the distribution to the beneficiary. The trustee has the right to require from the beneficiary a written approval of the trust accounting provided to the beneficiary and, at the trustee's election, a refunding agreement from the beneficiary for liabilities that would otherwise be payable from trust property to the extent of the beneficiary's share of the distribution. A trust accounting approved under this Section is binding on the beneficiary providing the approval and on the beneficiary's successors, heirs, representatives, and assigns. A trustee may elect to withhold a reasonable amount of a distribution or require a reasonable reserve for the payment of debts, expenses, and taxes payable from the trust pending the receipt of a written approval of the trust accounting provided to the beneficiary and refunding agreement from a beneficiary or a judicial settlement of accounts.","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":"7232ccde9432dbb51d3d0b1f9b79ca38c51aeccaeb2871db5e5e9a0a6dd321b9","source_id":"us-il","stale":false,"prev":"us-il/760-ilcs-3-816","next":"us-il/760-ilcs-3-818"},"notice":"GroundRules: Original legal text. Not legal advice."}