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estate: A New Twist to Estate Planning in Illinois - PowerteamHomes.com - 11/21/11 04:45 PM
 
 
 
A new law will soon make it easier to transfer residential real estate upon death while avoiding the time and cost of going through probate.  Governor Quinn recently signed into law the Illinois Residential Real Property Transfer on Death Instrument Act which takes effect January 1, 2012. 
 Under the Act, an owner of residential real estate may execute a Transfer on Death Instrument (“TODI”), which allows the property to pass to one or more designated beneficiaries upon the death of the owner.  The designated beneficiary could be an individual, corporation, trust, partnership, limited liability company, or a … (1 comments)

 
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Paul N. Paterakis Lake Zurich, Long Grove, Hawthorn Woods, Kildeer Real Estate

Lake Zurich, IL

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The Paul Paterakis Power Team-Remax Showcase Homes For Sale

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