Will for Individual with Spouse or Partner: Separate Share Trusts for Children (IL) | Practical Law

Will for Individual with Spouse or Partner: Separate Share Trusts for Children (IL) | Practical Law

A will for spouses or unmarried couples who have children and reside in Illinois. If the testator is survived by a spouse or partner, this will provides for an outright distribution of the testator's estate to the surviving spouse or partner. If the testator is not survived by a spouse or partner, this will provides for a distribution of the estate in separate equal shares to the testator's surviving children or more remote descendants. The share of any beneficiary who has reached a certain age is distributed outright to that beneficiary, and the share of any beneficiary who has not reached that age is held in a separate share trust for that beneficiary. This Standard Document has integrated notes with important explanations and drafting tips.

Will for Individual with Spouse or Partner: Separate Share Trusts for Children (IL)

Practical Law Standard Document w-002-5302 (Approx. 89 pages)

Will for Individual with Spouse or Partner: Separate Share Trusts for Children (IL)

by Practical Law Trusts & Estates
MaintainedIllinois
A will for spouses or unmarried couples who have children and reside in Illinois. If the testator is survived by a spouse or partner, this will provides for an outright distribution of the testator's estate to the surviving spouse or partner. If the testator is not survived by a spouse or partner, this will provides for a distribution of the estate in separate equal shares to the testator's surviving children or more remote descendants. The share of any beneficiary who has reached a certain age is distributed outright to that beneficiary, and the share of any beneficiary who has not reached that age is held in a separate share trust for that beneficiary. This Standard Document has integrated notes with important explanations and drafting tips.