This form is a Quitclaim Deed where the Grantor is an individual and the Grantee is a Trust. Grantor conveys and quitclaims the described property to Grantee. This deed complies with all state statutory laws.
Chicago Illinois Quitclaim Deed from an Individual to a Trust
Category:
State:
Illinois
City:
Chicago
Control #:
IL-028-77
Format:
Word;
Rich Text
Instant download
Description
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How to fill out Illinois Quitclaim Deed From An Individual To A Trust?
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FAQ
In Illinois, the real estate transfer process usually involves four steps: Locate the most recent deed to the property.Create the new deed.Sign and notarize the new deed.Record the deed in the Illinois land records.
Overview of Illinois Real Estate Transfer Tax State real estate transfer tax are imposed at a rate of $0.50 per $500 of value stated in the Transfer Tax Return. County real estate transfer tax are imposed at a rate of $0.25 per $500 of value stated in the Transfer Tax Return.
If you want to transfer real estate in Illinois to a relative or a friend, you might consider doing this yourself by using a quitclaim deed. A quitclaim deed in Illinois is often used to transfer property between close family members or trusted friends.
A quitclaim deed requires trust on the part of the person receiving the deed, because the person transferring it, also known as the grantor, isn't guaranteeing they actually own the property. With a quitclaim deed, when you're getting the property, you're only getting what the grantor actually owns.
In Illinois, the real estate transfer process usually involves four steps: Locate the most recent deed to the property.Create the new deed.Sign and notarize the new deed.Record the deed in the Illinois land records.
It usually takes four to six weeks to complete the legal processes involved in the transfer of title.
Recording the Quitclaim Deed with the County All counties in Illinois now have flat / fixed pricing to record the deed. Amounts vary from $54 to $98 depending on the county.
LEGAL FEES - ILLINOIS QUIT CLAIM DEEDS The most basic service that most people chose is for me to prepare the Illinois quitclaim deed and grantor/grantee statement for $150. With this option, it will be your responsibility to get the local transfer stamp (if required) and get the deed recorded with the County Recorder.
In Illinois, the real estate transfer process usually involves four steps: Locate the most recent deed to the property.Create the new deed.Sign and notarize the new deed.Record the deed in the Illinois land records.