Tag Archives: #estatesandtrusts

Probate Fundamentals – Heir v. Legatee

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 […]

Basic Transfer on Death Instrument (TODI) Document Requirements

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); […]