Helpful Information: Real Property Transfer Act & the Transfer on Death Instrument

We wanted to share some helpful information we came across. This article by Katherine A. Chamberain for the ISBA General Practice Newsletter discusses The Illinois Residential Real Property Transfer Act (the “Act”; 755 ILCS 27/1 et seq.; Ill. Public Act 097-0555) and the new Transfer On Death Instrument TODI, which became a new tool to transfer residential real estate outside of probate for decedents dying after January 1, 2012.

Katherine’s article provides a useful checklist and forms for reference. Read the complete article here:
http://www.isba.org/sections/generalpractice/newsletter/2013/02/estateplanningupdatetheillinoistran