Events

The Illinois Residential Real Property Transfer on Death Instrument Act

Wednesday, October 12, 2011  8:00 AM - 9:30 AM

Our Speaker is Charles G. Brown, Vice Chair of the ISBA Trusts and Estates Section Council, and Principal, Brown Law Group

  October 12, 2011

The Illinois Residential Real Property Transfer on Death Instrument (TODI) Act, P. A. 97-0555, effective for decedents dying on or after January 1, 2012, creates a new method for transferring Illinois residential real estate without the need for probate.   

The new Act, a joint product of the ISBA Trusts and Estates Section Council, the ISBA Real Property Law Section Council, and the Elder Law Section Council, was initiated under the leadership of ISBA President John O'Brien.

Various methods were implemented in the Act in an attempt to protect the public from potential abuses, and the requirements for execution of a valid Transfer on Death Instrument (TODI) in Illinois are unique. Charles Brown will address the execution requirements which apply to this new non-testamentary method of transferring property at death, recording requirements, revocation requirements, when a beneficiary acquires an interest in the subject property, and the issue of creditors' rights. 

Charles G. Brown has worked on this project from its inception, and brings his knowledge and expertise to bear to provide a comprehensive understanding of this new and important legislation.   

Don't miss this important meeting! Come learn all about TODIs! IRELA President Ralph Schumann will also provide updates on important developments with issues of the day affecting the practice of real estate law.

When: Wednesday, October 12, 2011, at 8:00 a.m.

Where: Belvedere Events and Banquets | 1170 W. Devon, Elk Grove Village, IL | 847.534.0600

To access a map of the meeting location, click on:  Map

Attendance is Free for IRELA Member Attorneys in good standing.
(One hour of MCLE Credit is provided for this meeting.)

Questions? call IRELA at (847) 593-5750, or call Valerie at 1-847-273-8700. Attendance at this seminar is limited to attorneys.

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