Bill > SB2109

This bill amends the Probate Act of 1975 to strengthen protections for individuals with disabilities by expanding the court's ability to compel financial institutions to disclose and transfer assets. Specifically, the bill allows a representative of a ward (a person under legal guardianship due to disability) to petition the court to issue a citation requiring any person or agent of a financial institution to appear and explain if they have improperly withheld or concealed the assets of a person with a disability. The bill explicitly states that it is improper for a financial institution to refuse to follow a representative's instructions regarding asset collection, transfer, distribution, or delivery when the representative presents their official letters of office or a court order. This provision aims to prevent financial institutions from obstructing the legal representative's efforts to manage the assets of individuals who are unable to manage their own financial affairs, thereby protecting vulnerable populations from potential financial exploitation or neglect.

Justice

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2109&GAID=18&DocTypeID=SB&SessionID=114&GA=104