Some confusion arises in Illinois probate court regarding the difference between an heir and a legatee. An heir is the person who legally stands to inherit assets in the absence of direction from the decedent. A legatee is someone the decedent has directed shall receive assets. The usual form of direction noted here […]
Tag Archives: #estatesandtrusts
Pursuant to 755 ILCS 27/40, a TODI must include the following info: Name(s) of grantor(s) – the people who currently own the real estate; Name(s) of grantee(s) – the people who will be the beneficial owners once the grantor(s) dies; Description of the property to be conveyed (address, legal description, PIN number); […]