Illinois Real Property Transfer On Death Instrument Act

State:
Colorado
Control #:
CO-92395
Format:
Word
Instant download
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Description

Colorado Real Property Transfer Declaration:

How to fill out Colorado Real Property Transfer Declaration?

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FAQ

In Illinois, establishing a TOD provision often involves filling out a form provided by the financial institution that holds your assets. For real estate, a TOD deed must be filled out and recorded with the county recorder's office.

Bring the TODI to the Recorder of Deeds office in the county where the property that you're transferring is. If it is located in more than one county, file it in every county where it is located. Bring your signed TODI form. Tell them you want to record your TODI.

You and two witnesses must sign the TOD instrument while in the presence of a notary public, and then record (file) the document with the county recorder of deeds before your death.

You and two witnesses must sign the TOD instrument while in the presence of a notary public, and then record (file) the document with the county recorder of deeds before your death.

In Illinois, a ?transfer on death instrument?, or ?TODI?, allows an owner of residential real property to designate one or more beneficiaries who will receive interest in the property on the owner's death, bypassing probate court.

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Illinois Real Property Transfer On Death Instrument Act