About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

Case Citations [1] (Fall 2024)

handle is hein.ali/rettgp2438 and id is 1 raw text is: THE AMERICAN LAW INSTITUTE Fall 2024 Citations TRUSTS 3D PART 1. NATURE, CHARACTERISTICS, AND TYPES OF TRUSTS CHAPTER 1. DEFINITIONS AND DISTINCTIONS § 2. Definition of Trust Ill.App.2022. Quot. in case quot. in disc. In a dispute over the proceeds from the sale of a multi-unit building that decedent initially transferred to a land trust before assigning his beneficial interest in the land trust to an entity controlled by his revocable trust, successor trustee of the revocable trust sued successor beneficiaries of the land trust, seeking a declaration that the assignment was valid, after beneficiaries claimed that decedent failed to lodge the assignment with the land trustee as required by the terms of the land trust. The trial court granted plaintiff's motion for summary judgment. This court affirmed, holding that decedent's failure to lodge the assignment did not invalidate it, but rather, voided it as to subsequent assignees or purchasers without notice. In making its decision, the court noted that, unlike a conventional trust described in Restatement Third of Trusts § 2, in which the trustee held legal title to the property and the beneficiary held equitable title, in an Illinois land trust, the trustee held both the legal and equitable title to the property. Corcoran as Trustee of Second Amended Filip Rotheimer Revocable Trust Dated September 12, 2012 v. Rotheimer, 216 N.E.3d 281, 287. PART 2. CREATION OF TRUSTS CHAPTER 3. BASIC PRINCIPLES AND REQUIREMENTS § 12. Trust Creation Induced by Undue Influence, Duress, Fraud, or Mistake Pa.Super.2023. Cit. in sup. (citing § 12 of T.D. No. 1, 1996, which is now § 12 of the Official Text), com. (b) cit. in sup. Beneficiaries of three irrevocable trusts filed a petition for a declaratory judgment to determine the validity oftrust-modification agreements that beneficiaries had entered with settlor prior to his death, and to confirm the appointment of successor trustees pursuant to the agreements; executor of settlor's estate claimed that settlor was unduly influenced into signing the agreements. The trial court COPYRIGHT (02024 By THE AMERICAN LAW INSTITUTE All rights reserved Printed in the United States of America For earlier citations, see the Appendices, Supplements, or Pocket Parts, if any, that correspond to the subject matter under examination.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most