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 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 will pass to the beneficiary or beneficiaries named in the TODI.

Learn more about Transfer on Death Instrument common questions.