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IL SB2842
Bill
Status
Passed
8/5/2016
Primary Sponsor
Ira Silverstein
Click for details
AI Summary
- Amends the Trusts and Trustees Act by adding Section 6.5 regarding transfer of property to trusts
- Requires transfer of real property to a trust to include transfer of legal title to the trustee evidenced by a written instrument of conveyance and acceptance by the trustee
- Specifies that when a trustee transfers an interest in real property to a trust, the property does not become trust property unless the conveyance instrument is recorded in the county recorder's office where the property is located
Legislative Description
TRUST PROPERTY-TITLE;RECORDING
Last Action
Public Act . . . . . . . . . 99-0743
8/5/2016
Committee Referrals
Judiciary - Civil5/9/2016
Rules5/5/2016
Judiciary3/2/2016
Assignments2/17/2016
Full Bill Text
No bill text available