The Illinois Transfer-on-Death Deed form allows property owners to designate beneficiaries who will receive their real estate upon their death, bypassing the probate process. This straightforward tool simplifies the transfer of property and provides peace of mind for individuals planning their estate. To get started on securing your property for your loved ones, fill out the form by clicking the button below.
Tod Property - It's essential for the property owner to provide accurate legal descriptions in the deed to avoid future claims or confusion.
Transfer on Death Deed Georgia - This deed is recognized in many states, but regulations may vary, so check your local laws.
The Illinois Transfer-on-Death Deed (TOD) form allows individuals to transfer real property to beneficiaries upon their death without going through probate. When preparing this deed, it is often necessary to consider additional documents that may facilitate the estate planning process or clarify the transfer of assets. Below is a list of other forms and documents commonly used alongside the Illinois Transfer-on-Death Deed.
Understanding these documents and their purposes can significantly enhance the effectiveness of estate planning. Each plays a unique role in ensuring that your wishes are honored and that your loved ones are taken care of after your passing.
Illinois Transfer-on-Death Deed Template
This Transfer-on-Death Deed is made pursuant to the Illinois Uniform Transfer-on-Death Act (765 ILCS 1005). It allows an individual to designate beneficiaries who will receive a specified piece of real estate upon the individual's death, without going through probate.
Property Address: ____________________________________
Legal Description of Property: __________________________
Grantor(s): ___________________________________________
Grantee(s)/Beneficiary (s): _____________________________
The undersigned Grantor(s) hereby declare their intent to transfer the real property described above to the Grantee(s) upon the death of the Grantor(s) as follows:
Transferor's Statement: The Grantor(s) confirms that they hold title to the property and intend to transfer ownership of the property as outlined in this deed.
Designated Beneficiary:
This deed shall be effective upon the death of the Grantor(s) and shall not affect the rights of creditors.
The Grantor(s) may revoke this deed at any time during their lifetime by recording a revocation instrument.
IN WITNESS WHEREOF, the Grantor(s) has set their hand this ______ day of __________, 20___.
Grantor(s) Signature: ________________________________
Grantor(s) Printed Name: ___________________________
Notary Public: State of Illinois
Subscribed and sworn before me this ______ day of __________, 20___.
Notary Signature: _________________________________
My Commission Expires: ____________________________