SB 3150

  • Illinois Senate Bill
  • 101st Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Property Transfer On Death

Abstract

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". Deletes the definition of "residential real estate". 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 regardless of whether the transfer on death instrument transfers an interest in real property for the benefit of the surviving spouse. Provides that a creditor may enforce the liability against the real property transferred at the owner's death by a transfer on death instrument and the beneficiaries. Makes other changes to provisions regarding: rights of creditors; limitations; and preparation of a transfer on death instrument or its revocation. Makes conforming changes.

Bill Sponsors (1)

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Actions


May 15, 2020

Senate

Rule 2-10 Third Reading/Passage Deadline Established As May 31, 2020

May 07, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 29, 2020

Apr 30, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 22, 2020

Apr 23, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 15, 2020

Apr 12, 2020

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Senate

Senate Committee Amendment No. 2 Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Senate

Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Senate

Pursuant to Senate Rule 3-9(b) / Referred to Assignments

Mar 25, 2020

Senate

Rule 2-10 Third Reading Deadline Established As May 7, 2020

Mar 05, 2020

Senate

Senate Committee Amendment No. 2 Assignments Refers to Judiciary

Senate

Senate Committee Amendment No. 1 Assignments Refers to Judiciary

Mar 04, 2020

Senate

Placed on Calendar Order of 2nd Reading March 5, 2020

Senate

Do Pass Judiciary; 009-000-000

Mar 02, 2020

Senate

Senate Committee Amendment No. 2 Filed with Secretary by Sen. Jason A. Barickman

Senate

Senate Committee Amendment No. 2 Referred to Assignments

Feb 26, 2020

Senate

Senate Committee Amendment No. 1 Pursuant to Senate Rule 3-8(b-1), this amendment will remain in the Committee on Assignments.

Feb 25, 2020

Senate

Postponed - Judiciary

Feb 24, 2020

Senate

Senate Committee Amendment No. 1 Referred to Assignments

Senate

Senate Committee Amendment No. 1 Filed with Secretary by Sen. Jason A. Barickman

Feb 19, 2020

Senate

Assigned to Judiciary

Feb 06, 2020

Senate

First Reading

Senate

Referred to Assignments

Senate

Filed with Secretary by Sen. Jason A. Barickman

Bill Text

Bill Text Versions Format
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Related Documents

Document Format
Senate Amendment 002
Senate Amendment 001

Sources

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