Article Archives >> Lead Stories >> November 16-December 15, 2008
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May Merged Children’s Home
Retain Income from Trusts?
Court reverses trial court’s summary judgment
cutting off funds from two trusts
Should the income from two trusts providing funds for a county children’s home continue to be paid to the surviving entity when the home merges into another children’s home and family service corporation? The Appellate Court of Illinois has reversed a trial court ruling that the named home had ceased to exist and the income should be used elsewhere. (Citizens National Bank of Paris v. Kids Hope United, Ct. of App., IL, Fourth Dist., No. 4-08-0162, 11/21/08.)
Article Archives >> Lead Stories >> November 16-December 15, 2008
