Illinois Compiled Statutes 755 Estates: Article -

• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 1
  Short title. This Act may be cited as the Illinois Residential Real Property Transfer on Death Instrument Act. (Source: P.A. 97-555, eff. 1-1-12.)
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 5
  Definitions. In this Act: "Beneficiary" means a person that receives residential real estate under a transfer on death instrument. "Designated beneficiary" means a person designated...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 10
  Applicability. This Act applies to only a transfer of residential real estate as defined in this Act by means of a transfer on death instrument...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 15
  Non-exclusivity. This Act does not affect any method of transferring residential real estate otherwise permitted under the law of this State. (Source: P.A. 97-555, eff.
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 20
  Transfer on death instrument authorized. An owner may transfer residential real estate by a transfer on death instrument to one or more beneficiaries as owners,...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 25
  Transfer on death instrument revocable. A transfer on death instrument is revocable even if the instrument or another instrument contains a contrary provision. (Source: P.A....
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 30
  Transfer on death instrument nontestamentary. A transfer on death instrument is a nontestamentary instrument and is subject to all other laws governing or affecting nontestamentary...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 35
  Capacity of owner and agent's authority. The capacity required to make or revoke a transfer on death instrument is the same as the capacity required...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 40
  Requirements. (a) A transfer on death instrument: (1) must contain the essential elements and formalities of a properly recordable inter vivos deed; and must be...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 45
  Signing, attestation, and acknowledgement. Every transfer on death instrument shall be signed by the owner or by some person in his or her presence and...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 50
  Notice, delivery, acceptance, or consideration not required. A transfer on death instrument is effective without: (1) notice or delivery to or acceptance by the designated...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 55
  Revocation by recorded instrument authorized; revocation by act or unrecorded instrument, not authorized. (a) An instrument is effective to revoke a recorded transfer on death...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 60
  Effect of transfer on death instrument during owner's life. (a) During an owner's life, a transfer on death instrument does not: (1) affect the right...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 65
  Effect of transfer on death instrument at owner's death. (a) Except as otherwise provided in the transfer on death instrument, in this Section, or in...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 70
  Joint owners. (a) One or more joint owners may execute a transfer on death instrument. (b) If all of the joint owners execute a transfer...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 75
  Notice of death affidavit. Any beneficiary who takes under a transfer on death instrument may file in the office of the recorder in the county...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 80
  Disclaimer. A beneficiary may disclaim all or part of the beneficiary's interest as provided by the Disclaimer Under Nontestamentary Instrument Act. (Source: P.A. 97-555, eff.
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 85
  Rights of creditors and statutory claimants. A beneficiary of a transfer on death instrument is subject to the claims of creditors and statutory claimants to...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 90
  Limitations. An action to set aside or contest the validity of a transfer on death instrument shall be commenced within the earlier of 2 years...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 95
  Preparation of a transfer on death instrument or its revocation. A transfer on death instrument or its revocation shall be prepared only by an Illinois...
• Illinois Residential Real Property Transfer on Death Instrument Act. - 755 ILCS 27, Section 100
  (Repealed). (Source: P.A. 97-555, eff. 1-1-12. Repealed by P.A. 98-821, eff. 1-1-15.)

Last modified: February 18, 2015