Trusts

ASSIGNMENT OF TITLE INSURANCE POLICY

The ALTA Owner...

This article will look at four common problems that occur regarding trusts under Illinois law. First, what happens in a situation where a deed is granted to a...

Summary: A deed into trust does not need to be recorded to vest title in the trust. A statement in an unrecorded trust agreement that the settlor/trustee was holding property as...

by Gregory J. Miely, ATG Senior Managing Attorney and Corporate Counsel

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383 Ill App 3d 317, 891 NE2d 975, 322 Ill Dec 684 (3rd D 2008).

Facts: Herbert and his wife had three sons, Arlyn, Mark, and Warren, and owned two large farms containing over 300...

Certification of Trust

Effective date: 08/10/2015

New Statute: 760 ILCS 5/8.5

 

Public Act 99-0337 adds a new section to the Trusts and Trustees Act....

PA 97-0555, House Bill 1153. New Act 755 ILCS 27/et seq. Effective Date: January 1, 2012.

Illinois has a new law called the Illinois Residential Real Property Transfer on...

The newly enacted Illinois Residential Real Property Transfer on Death Instrument Act authorizes another way to transfer real property, starting on January 1, 2012....

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