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#734792 - 05/17/07 07:43 PM Illinois - Trust Needed Memorial/Benefit Fund?
dyelldyell Offline
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Joined: Oct 2006
Posts: 24
Does anyone know if a trust is needed to open a memorial/benefit fund account? I have not been able to find any documentation suggesting that we do. If so, can you please point me to the source.

Thanks in advance for your help.

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#735090 - 05/17/07 09:52 PM Re: Illinois - Trust Needed Memorial/Benefit Fund? dyelldyell
Elwood P. Dowd Offline
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Elwood P. Dowd
Joined: Aug 2001
Posts: 21,939
Next to Harvey
Illinois does not have any specific requirements regarding these types of accounts. Here is a BOL article that addresses virtually every issue involved in opening these accounts.

Please do not post a question in more than one forum.
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