(815 ILCS 505/2BB)
Sec. 2BB.
The assembly, drafting, execution, and funding of a living trust
document or any of those acts
by a corporation or a nonlawyer is an unlawful practice within the
meaning of this Act. Any person who violates this Section is guilty of a Class
A misdemeanor. A person who is convicted of a second or subsequent violation
of this Section is guilty of a Class 4 felony.
This Section shall not apply to any State or national bank, State or
federal savings and loan association, savings bank, trust company, or any other
corporation that has received a certificate of authority authorizing the
exercise of trust powers under the Illinois Corporate Fiduciary Act.
This Section shall not apply to any State or federal credit union, as
defined in Section 1.1 of the Illinois Credit Union Act, or the ability of any
such credit union to issue accounts under the Illinois Trusts and Payable Upon
Death Accounts Act.
Nothing in this Section shall authorize a person to engage in the
unauthorized practice of law.
(Source: P.A. 88-305; 88-644, eff. 9-9-94.)
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