§ 0.01 Short title
§ 1 Right to Disclaim Transfers Under Nontestamentary Instruments

Terms Used In Illinois Compiled Statutes > 760 ILCS 25

  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Donee: The recipient of a gift.