The Illinois Current Report and Account (Disabled or Minor Ward) is a financial instrument used by the state of Illinois to protect the assets of disabled or minor wards. It is a special trust account that can be established for a disabled or minor ward to receive and manage funds for their own benefit. This account can be established by the court, parent, guardian, or other interested party and is administered by the Office of the Comptroller of the State of Illinois. The Illinois Current Report and Account (Disabled or Minor Ward) is designed to ensure that the disabled or minor ward’s funds are used for their benefit and are managed in accordance with the court’s orders. Funds are deposited into the account by the court, parent, guardian, or other interested party, and funds can be withdrawn from the account by the court, parent, guardian, or other interested party. The funds are managed by the Office of the Comptroller of the State of Illinois and can be used to pay for expenses related to the disabled or minor ward’s care, such as medical and educational expenses. There are three types of Illinois Current Report and Account (Disabled or Minor Ward): the Illinois Trust Account for Disabled or Minor Ward, the Illinois Custodial Account for Disabled or Minor Ward, and the Illinois Pooled Trust Account for Disabled or Minor Ward. The Illinois Trust Account for Disabled or Minor Ward is an individual trust account established by the court, parent, guardian, or other interested party to manage the funds of a disabled or minor ward. The Illinois Custodial Account for Disabled or Minor Ward is a custodial account established by the court, parent, guardian, or other interested party to manage the funds of a disabled or minor ward. The Illinois Pooled Trust Account for Disabled or Minor Ward is a pooled trust account established by the court, parent, guardian, or other interested party to manage the funds of multiple disabled or minor wards.
The Illinois Current Report and Account (Disabled or Minor Ward) is a financial instrument used by the state of Illinois to protect the assets of disabled or minor wards. It is a special trust account that can be established for a disabled or minor ward to receive and manage funds for their own benefit. This account can be established by the court, parent, guardian, or other interested party and is administered by the Office of the Comptroller of the State of Illinois. The Illinois Current Report and Account (Disabled or Minor Ward) is designed to ensure that the disabled or minor ward’s funds are used for their benefit and are managed in accordance with the court’s orders. Funds are deposited into the account by the court, parent, guardian, or other interested party, and funds can be withdrawn from the account by the court, parent, guardian, or other interested party. The funds are managed by the Office of the Comptroller of the State of Illinois and can be used to pay for expenses related to the disabled or minor ward’s care, such as medical and educational expenses. There are three types of Illinois Current Report and Account (Disabled or Minor Ward): the Illinois Trust Account for Disabled or Minor Ward, the Illinois Custodial Account for Disabled or Minor Ward, and the Illinois Pooled Trust Account for Disabled or Minor Ward. The Illinois Trust Account for Disabled or Minor Ward is an individual trust account established by the court, parent, guardian, or other interested party to manage the funds of a disabled or minor ward. The Illinois Custodial Account for Disabled or Minor Ward is a custodial account established by the court, parent, guardian, or other interested party to manage the funds of a disabled or minor ward. The Illinois Pooled Trust Account for Disabled or Minor Ward is a pooled trust account established by the court, parent, guardian, or other interested party to manage the funds of multiple disabled or minor wards.
