The Survivorship Affidavit is a form for a person to complete to establish the identity of the survivor in a joint tenancy or other property ownership relationship.
The Survivorship Affidavit is a form for a person to complete to establish the identity of the survivor in a joint tenancy or other property ownership relationship.
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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.
Chicago, Ill. ?On , the Cook County Board of Commissioners unanimously passed an ordinance temporarily reducing the cost to record Transfer on Death Instruments from $98 to $48.
The notice of death affidavit shall contain the name and address, if known, of each beneficiary taking under the transfer on death instrument, the legal description of the property, the street address and parcel identification number of the real property, if known, the date of the transfer on death instrument and its ...
While no longer mandatory, it is still recommended that the person you gave your property to in the TODI file a Notice of Death Affidavit and Acceptance of Transfer on Death Instrument with the same Recorder of Deeds office where the TODI is recorded. This must be done within 2 years of your death.
The notice of death affidavit and acceptance shall contain the name and address of each beneficiary who shall take under the transfer on death instrument, a legal description of the property, the street address, and parcel identification number of the residential real estate, the name of the deceased owner, and the ...