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Illinois Compiled Statutes

760 ILCS 3/708 (2026)

Compensation of trustee

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(760 ILCS 3/708)
    Sec. 708. Compensation of trustee.
    (a) If the trust instrument does not specify the trustee's compensation, a trustee is entitled to compensation that is reasonable under the circumstances.
    (b) If the trust instrument specifies the trustee's compensation, the trustee is entitled to be compensated as specified, but the court may allow more or less compensation if:
        (1) the duties of the trustee are substantially
    
different from those contemplated when the trust was created; or
        (2) the compensation specified by the trust
    
instrument would be unreasonably low or high.
(Source: P.A. 101-48, eff. 1-1-20.)

    
Notes of Decisions
Cited in 1 case (1 in the last 5 years), 2024–2024 · leading case: Ferguson v. Heath, 2024 IL App (3d) 230681-U.
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Ferguson v. Heath, 2024 IL App (3d) 230681-U. “2 Effective January 1, 2020, section 708 of the Illinois Trust Code (Code) (760 ILCS 3/708 (West 2022)), provided the statutory authority for a trustee’s compensation.”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.