PROPERTY TRANSFER ON DEATH Senate SponsorsSen. Jason A. Barickman House Sponsors(Rep. Michael Halpin) 7/9/2021SenatePublic Act . . . . . . . . . 102-0068 755 ILCS 27/1755 ILCS 27/5755 ILCS 27/10755 ILCS 27/15755 ILCS 27/20755 ILCS 27/21 new755 ILCS 27/30755 ILCS 27/35755 ILCS 27/40755 ILCS 27/45755 ILCS 27/60755 ILCS 27/65755 ILCS 27/66 new755 ILCS 27/75755 ILCS 27/85755 ILCS 27/90755 ILCS 27/95Amends the Illinois Residential Real Property Transfer on Death Instrument Act. Renames the Act the "Real Property Transfer on Death Instrument Act". Changes the definitions of "owner" and "person". Defines "real property". Changes references to "residential real estate property" to references to "real property". Permits the transfer of real property by a transfer on death instrument to a trustee of a trust under certain circumstances even if the trust is subject to amendment, modification, revocation, or termination. Provides that a transfer on death instrument may not be admitted to probate as the will of the owner or as a codicil thereto. Provides that a transfer on death instrument does not need to state consideration or the addresses of the beneficiaries. Provides that if the transfer on death instrument is not witnessed by at least 2 credible witnesses, it is void. Provides that if a beneficiary attests to the execution of the transfer on death instrument, the interest transferred to that beneficiary is void as to that beneficiary. Changes the rules under which real property that is subject to a transfer on death instrument is transferred. Provides that a transfer on death instrument may be renounced by the owner's surviving spouse. Makes other changes to provisions regarding: rights of claimants; limitations; and preparation of a transfer on death instrument or its revocation. Makes conforming changes. 1/29/2021SenateFiled with Secretary by Sen. Jason A. Barickman 1/29/2021SenateFirst Reading 1/29/2021SenateReferred to Assignments 4/7/2021SenateAssigned to Judiciary 4/14/2021SenateDo Pass Judiciary; 009-000-000 4/14/2021SenatePlaced on Calendar Order of 2nd Reading April 15, 2021 4/21/2021SenateSecond Reading 4/21/2021SenatePlaced on Calendar Order of 3rd Reading ** April 22, 2021 4/23/2021SenateThird Reading - Passed; 058-000-000 4/26/2021HouseArrived in House 4/26/2021HouseChief House Sponsor Rep. Michael Halpin 4/27/2021HouseFirst Reading 4/27/2021HouseReferred to Rules Committee 5/4/2021HouseAssigned to Judiciary - Civil Committee 5/12/2021HouseDo Pass / Consent Calendar Judiciary - Civil Committee; 015-000-000 5/12/2021HousePlaced on Calendar 2nd Reading - Consent Calendar 5/13/2021HouseSecond Reading - Consent Calendar 5/13/2021HouseHeld on Calendar Order of Second Reading - Consent Calendar 5/14/2021HousePlaced on Calendar Order of 3rd Reading - Consent Calendar 5/21/2021HouseThird Reading - Consent Calendar - First Day 5/26/2021HouseThird Reading - Consent Calendar - Passed 112-000-000 5/26/2021SenatePassed Both Houses 6/24/2021SenateSent to the Governor 7/9/2021SenateGovernor Approved 7/9/2021SenateEffective Date January 1, 2022 7/9/2021SenatePublic Act . . . . . . . . . 102-0068