Bill would forbid conveying real estate to trust without deed
On April 6, the Illinois Senate Judiciary Committee passed SB 2842, which is now up for consideration in the state Senate. The bill seeks to overrule the second district's holding in In re Estate of Mendelson, 2015 IL App (2d) 150084 ("Mendelson I"), which held that real property could be conveyed into a trust without a deed.
The bill, which is sponsored by Sen. Ira Silverstein, would amend the Trusts and Trustees Act to require that all transfers of property into a trust be evidenced by a written conveyance and acceptance by the trustee. It would also require that any transfer of real property into a trust be recorded with the proper county recorder of deeds.
Find out what real estate practitioners and other subject-matter authorities are saying about the bill in the May Illinois Bar Journal.
Michael J. Warner, a partner in the personal injury law firm of Warner & Zimmerle, in Rock Island, has been appointed to the Board of Directors of the Illinois Bar Foundation (IBF), the charitable arm of the Illinois State Bar Association (ISBA), and will serve a two-year term.
Voting in the ISBA election ends at 4:30 PM CT Friday, April 29. Ballots were distributed to all eligible voters* on March 28, 2016. ISBA's election provider VR Election Services (VRES) emailed e-ballots to members with valid email addresses and mailed paper ballots to members without valid email addresses on Monday, March 28, 2016.