(760 ILCS 3/709)
Sec. 709. Reimbursement of expenses. (a) A trustee is entitled to be reimbursed out of the trust property, with interest as appropriate, for:
(1) expenses that were properly incurred in the |
| administration and protection of the trust; and
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(2) to the extent necessary to prevent unjust
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| enrichment of the trust, expenses that were not properly incurred in the administration of the trust.
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(b) An advance by the trustee of money for the protection of the trust gives rise to a right to reimbursement with reasonable interest.
(Source: P.A. 101-48, eff. 1-1-20.)
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