Money & Debt

In Illinois, a property owner can transfer ownership of their real property upon their death using a Transfer on Death Instrument (TODI). Because the probate A court process where a person's property is given out after they die process is not involved, a TODI is a good way to save time and money when leaving real property like a house to someone. The property owner keeps all of their rights to the property until they die. When the property owner dies, the real estate Property consisting of land or buildings like a house or an apartment will pass to the beneficiary A person that gets property or money from someone when they die or beneficiaries named in the TODI.

Learn more about Transfer on Death Instrument common questions.