Section 760 ILCS 3/1108 - RestrictionsConversion to a total return trust does not affect any provision in the trust instrument:
(1) directing or authorizing the trustee to distribute principal; (2) directing or authorizing the trustee to distribute a fixed annuity or a fixed fraction of the value of trust assets; (3) authorizing a beneficiary to withdraw a portion or all of the principal; or (4) in any manner that would diminish an amount permanently set aside for charitable purposes under the trust instrument unless both income and principal are so set aside. Added by P.A. 101-0048,§ 1108, eff. 1/1/2020.