Does a trust need to be registered in Illinois?

1 answer | Last updated: Jun 18, 2010
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Does a trust need to be registered in Illinois?
 

Caring.com User - Barbara Kate Repa
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Barbara Repa, a Caring.com senior editor, is an attorney, a journalist specializing in aging issues, and the author of WillMaker, software enabling consumers to...
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Charitable trusts, which are generally established to help those in need, are subject to some registration requirements under Illinois law.

But I'm assuming you're referring to a living trust -- See also:
What is the difference between a will and a trust?

See all 571 questions about Legal and Financial Planning for Eldercare
a document that acts much like a will to transfer ownership of property when a person dies.

A little more than two handfuls of states require that the trustee of a trust register it with the local court, but Illinois is not among them. And even in the states that do have registration provisions -- including Alaska, Colorado, Florida, Hawaii, Idaho, Maine, Michigan, Missouri, North Dakota, and Ohio -- there do not appear to be any legal consequences or penalties beyond possible removal from the post if a trustee fails to register.

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