HB 5047

  • Illinois House Bill
  • 100th Regular Session
  • Introduced in House May 01, 2018
  • Passed House Apr 27, 2018
  • Passed Senate May 29, 2018
  • Signed by Governor Aug 24, 2018

Probate Act Transfer Caregiver

Abstract

Amends the Presumptively Void Transfers Article of the Probate Act of 1975. Includes a civil union partner within the scope of the term "family member" and includes a transfer on death instrument within the scope of the term "transfer instrument". Makes changes regarding the rebuttable presumption that a transfer instrument is void if the transferee is a caregiver and the fair market value of the transferred property exceeds $20,000. Provides that if the property in question is an interest in real property, a bona fide purchaser or mortgagee for value shall take the subject property free and clear of the action challenging the transfer instrument if the transfer to the bona fide purchaser or mortgagee for value occurs prior to the recordation of a lis pendens for an action challenging the transfer. Sets forth conditions under which a financial institution or similar entity is not liable for distributing or releasing property when the transfer is challenged. Effective immediately.

Bill Sponsors (1)

Votes


Actions


Aug 24, 2018

House

Governor Approved

House

Effective Date August 24, 2018

House

Public Act . . . . . . . . . 100-1059

Jun 27, 2018

House

Sent to the Governor

May 29, 2018

House

Passed Both Houses

Senate

Third Reading - Passed; 056-000-000

May 25, 2018

Senate

Rule 2-10 Third Reading Deadline Established As May 31, 2018

May 15, 2018

Senate

Placed on Calendar Order of 3rd Reading May 16, 2018

Senate

Second Reading

May 09, 2018

Senate

Do Pass Judiciary; 009-000-000

Senate

Placed on Calendar Order of 2nd Reading May 10, 2018

May 02, 2018

Senate

Assigned to Judiciary

May 01, 2018

Senate

Placed on Calendar Order of First Reading

Senate

Arrive in Senate

Senate

Chief Senate Sponsor Sen. Don Harmon

Senate

Referred to Assignments

Senate

First Reading

Apr 27, 2018

House

Third Reading - Short Debate - Passed 104-000-000

House

House Floor Amendment No. 1 Adopted

House

Placed on Calendar Order of 3rd Reading - Short Debate

Apr 25, 2018

House

Held on Calendar Order of Second Reading - Short Debate

House

Second Reading - Short Debate

House

House Floor Amendment No. 1 Recommends Be Adopted Judiciary - Civil Committee; 006-000-000

Apr 19, 2018

House

House Floor Amendment No. 1 Rules Refers to Judiciary - Civil Committee

Apr 18, 2018

House

House Floor Amendment No. 1 Filed with Clerk by Rep. Emanuel Chris Welch

House

House Floor Amendment No. 1 Referred to Rules Committee

Apr 10, 2018

House

Reported Back To Judiciary - Civil Committee;

House

Placed on Calendar 2nd Reading - Short Debate

House

Do Pass / Short Debate Judiciary - Civil Committee; 011-000-000

House

Recommends Do Pass Subcommittee/ Judiciary - Civil Committee; 003-000-000

Mar 07, 2018

House

To Trusts & Estates Law Subcommittee

Feb 27, 2018

House

Assigned to Judiciary - Civil Committee

Feb 14, 2018

House

First Reading

House

Referred to Rules Committee

House

Filed with the Clerk by Rep. Emanuel Chris Welch

Bill Text

Bill Text Versions Format
Enrolled HTML
Engrossed HTML
Introduced HTML

Related Documents

Document Format
Public Act
House Amendment 001

Sources

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