Co-Tenancy

PA 96-1513 (SB 1716), Illinois Religious Freedom Protection and Civil Union Act, 750 ILCS 75/1–90 (2011), Effective Date: June 1, 2011

Illinois enacted new legislation that...

The Impact of Civil Unions on Real Estate

The Illinois Religious Freedom Protection and Civil Union Act (Civil Union Act or Act), 750 ILCS 75/1, et seq., was...

 

THE DOCTRINE OF ELECTION AND SURVIVORSHIP PROPERTY

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FRAUDULENT TRANSFERS AND TENANCY BY THE ENTIRETY
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In Illinois, a mortgage lien executed by less than all joint tenants does not sever joint tenancy, and if the joint tenant who executed the mortgage dies, then the surviving tenant becomes sole...

 

Summary: A deed that on its face conveyed title to the transferees in joint tenancy and described the transferees as “husband and wife” will be interpreted as a joint...

 

Summary: The common law requirement that a grantor cannot also be a grantee in a deed creating joint tenancy is no longer the law in Wisconsin.

 

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Summary: Property conveyed to two brothers "as tenants by the entireties" created a joint tenancy with right of survivorship, and not a tenancy in common.

 

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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....