Transfer on Death Instruments

Sunday, March 16, 2014 | Written by:

Recently, the Illinois legislature passed law creating the “Transfer on Death Instrument.”  This instrument, if drafted properly and recorded, allows an owner of residential real estate to pass that real estate to whomever he wishes automatically upon his death and without going through probate.  In many cases, this new estate planning tool can eliminate the need for a more costly living trust.  Contact me to discuss further this exciting new instrument.