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Real Property
Does Illinois offer a transfer on death deed option?

Does Illinois offer a transfer on death deed option?

Full question:

Does Illinois have a transfer on death deed option?

Category: Real Property
Subcategory: Deeds
Date: 04/07/2025
State: Illinois

Answer:

As of August 2007, Illinois does not recognize transfer-on-death deeds. Currently, nine states allow for this option: Arizona, Arkansas, Colorado, Kansas, Missouri, Nevada, New Mexico, Ohio, and Wisconsin.

This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.

FAQs

How much does it cost to set up a transfer on death deed?

Since Illinois does not recognize transfer-on-death deeds, there are no costs associated with setting one up in the state. In states that do allow them, costs can vary based on attorney fees and filing fees.

What is required for a transfer on death deed in Illinois?

Illinois does not allow transfer-on-death deeds, so there are no requirements for such a deed in the state. If you are looking for estate planning options, consider other alternatives like wills or living trusts.

How much does a transfer on death deed cost in Illinois?

As Illinois does not permit transfer-on-death deeds, there are no associated costs for such deeds. In other states, costs can include legal fees and recording fees.

Does Illinois allow transfer on death deed?

No, Illinois does not recognize transfer-on-death deeds. This option is available in some other states, but not in Illinois.

What are the disadvantages of a transfer on death deed in Illinois?

Since Illinois does not allow transfer-on-death deeds, there are no disadvantages specific to this type of deed in the state. However, if considering alternatives, it's essential to evaluate the pros and cons of other estate planning tools.

How much does it cost to file a transfer on death deed in Illinois?

There are no costs for filing a transfer-on-death deed in Illinois, as the state does not recognize this type of deed. Costs may apply in states that do allow them.

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