City to convey all of the trust property to DePaul, NIU, Loyola, and the Diocese. The amendment directs National City to divide the corpus into separate shares and to “distribute the separate shares to the institutions so indicated.” The amendment provides that “[ejach separate share shall be held as a separate trust or similar permanent endowment fund by the institution so indicated, with the named institution as sole Trustee or fiduciary” (emphasis added). Because the amendment requires National City to convey all of the Scholarship Trust’s property, National City’s fiduciary obligation to such property would therefore terminate upon such a conveyance, and the Scholarship Trust would necessarily cease. See Chicago Title & Trust Co. v. Steinitz, 288 Ill. App. 3d 926, 933 (1997) (<HOLDING>). In support of their assertion that the
holding that trustees fiduciary duty exists independent of any clause in trust agreement holding that creditors of a trust beneficiary were prohibited from intervening in an action involving a dispute between the trustee and a beneficiary concerning distribution of the trust corpus holding that successor trustee properly applied former trustees undistributed income to satisfy prior judgment for improper distribution of trust corpus holding creditors can reach assets of trust to the same extent as the maximum amount that would be payable to the beneficiary in the trustees discretion holding that trustees act of conveying entire corpus terminated the trust