IL SB0047 | 2021-2022 | 102nd General Assembly
Status
Completed Legislative Action
Spectrum: Bipartisan Bill
Status: Passed on July 9 2021 - 100% progression
Action: 2021-07-09 - Public Act . . . . . . . . . 102-0068
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Bipartisan Bill
Status: Passed on July 9 2021 - 100% progression
Action: 2021-07-09 - Public Act . . . . . . . . . 102-0068
Text: Latest bill text (Chaptered) [HTML]
Summary
Amends the Illinois Residential Real Property Transfer on Death Instrument Act. Renames the Act the "Real Property Transfer on Death Instrument Act". Changes the definitions of "owner" and "person". Defines "real property". Changes references to "residential real estate property" to references to "real property". Permits the transfer of real property by a transfer on death instrument to a trustee of a trust under certain circumstances even if the trust is subject to amendment, modification, revocation, or termination. Provides that a transfer on death instrument may not be admitted to probate as the will of the owner or as a codicil thereto. Provides that a transfer on death instrument does not need to state consideration or the addresses of the beneficiaries. Provides that if the transfer on death instrument is not witnessed by at least 2 credible witnesses, it is void. Provides that if a beneficiary attests to the execution of the transfer on death instrument, the interest transferred to that beneficiary is void as to that beneficiary. Changes the rules under which real property that is subject to a transfer on death instrument is transferred. Provides that a transfer on death instrument may be renounced by the owner's surviving spouse. Makes other changes to provisions regarding: rights of claimants; limitations; and preparation of a transfer on death instrument or its revocation. Makes conforming changes.
Title
PROPERTY TRANSFER ON DEATH
Sponsors
Roll Calls
2021-05-26 - House - Third Reading in House (Y: 112 N: 0 NV: 0 Abs: 2) [PASS]
2021-04-23 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
2021-04-23 - Senate - Third Reading in Senate (Y: 58 N: 0 NV: 1 Abs: 0) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-07-09 | Senate | Public Act . . . . . . . . . 102-0068 |
2021-07-09 | Senate | Effective Date January 1, 2022 |
2021-07-09 | Senate | Governor Approved |
2021-06-24 | Senate | Sent to the Governor |
2021-05-26 | Senate | Passed Both Houses |
2021-05-26 | House | Third Reading - Consent Calendar - Passed 112-000-000 |
2021-05-21 | House | Third Reading - Consent Calendar - First Day |
2021-05-14 | House | Placed on Calendar Order of 3rd Reading - Consent Calendar |
2021-05-13 | House | Held on Calendar Order of Second Reading - Consent Calendar |
2021-05-13 | House | Second Reading - Consent Calendar |
2021-05-12 | House | Placed on Calendar 2nd Reading - Consent Calendar |
2021-05-12 | House | Do Pass / Consent Calendar Judiciary - Civil Committee; 015-000-000 |
2021-05-04 | House | Assigned to Judiciary - Civil Committee |
2021-04-27 | House | Referred to Rules Committee |
2021-04-27 | House | First Reading |
2021-04-26 | House | Chief House Sponsor Rep. Michael Halpin |
2021-04-26 | House | Arrived in House |
2021-04-23 | Senate | Third Reading - Passed; 058-000-000 |
2021-04-21 | Senate | Placed on Calendar Order of 3rd Reading ** April 22, 2021 |
2021-04-21 | Senate | Second Reading |
2021-04-14 | Senate | Placed on Calendar Order of 2nd Reading April 15, 2021 |
2021-04-14 | Senate | Do Pass Judiciary; 009-000-000 |
2021-04-07 | Senate | Assigned to Judiciary |
2021-01-29 | Senate | Referred to Assignments |
2021-01-29 | Senate | First Reading |
2021-01-29 | Senate | Filed with Secretary by Sen. Jason A. Barickman |
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
755 | 27 | 1 | Amended Code | Citation Text |
755 | 27 | 10 | Amended Code | Citation Text |
755 | 27 | 15 | Amended Code | Citation Text |
755 | 27 | 20 | Amended Code | Citation Text |
755 | 27 | 21 | New Code | See Bill Text |
755 | 27 | 30 | Amended Code | Citation Text |
755 | 27 | 35 | Amended Code | Citation Text |
755 | 27 | 40 | Amended Code | Citation Text |
755 | 27 | 45 | Amended Code | Citation Text |
755 | 27 | 5 | Amended Code | Citation Text |
755 | 27 | 60 | Amended Code | Citation Text |
755 | 27 | 65 | Amended Code | Citation Text |
755 | 27 | 66 | New Code | See Bill Text |
755 | 27 | 75 | Amended Code | Citation Text |
755 | 27 | 85 | Amended Code | Citation Text |
755 | 27 | 90 | Amended Code | Citation Text |
755 | 27 | 95 | Amended Code | Citation Text |