Restrictions

760 ILCS 3/1108, under Total Return Trusts.

760 ILCS 3/1108

(760 ILCS 3/1108)

    Sec. 1108. Restrictions. Conversion to a total return trust does not affect any provision in the trust instrument:

        (1) directing or authorizing the trustee to     distribute principal;         (2) directing or authorizing the trustee to     distribute a fixed annuity or a fixed fraction of the value of trust assets;         (3) authorizing a beneficiary to withdraw a portion     or all of the principal; or         (4) in any manner that would diminish an amount     permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside. (Source: P.A. 101-48, eff. 1-1-20.)