Terms Used In Illinois Compiled Statutes 755 ILCS 25/1

  • Decedent: A deceased person.
     An otherwise valid transfer of property, in trust or otherwise, by a decedent during his or her lifetime, shall not, in the absence of an intent to defraud, be invalid, in whole or in part, on the ground that it is illusory because the decedent retained any power or right with respect to the property.