Trust Deed Illinois

trust deed illinois
Question: Can I use a quit claim deed to transfer real property to a trust in Illinois?

I live in CA and if you execute a living trust to transfer real property to the trust we can accomplish it with a QC Deed. I am helping my sister who does not have a lot of money execute a trust and transfer her property to the trust to avoid probate. I see a lot of talk about Land Trust. What is the advantage of a land trust compared to a quit claim deed to a trust?

Answer: Mary

It will usually be either the Quit Claim Deed or a Grant Deed. Call a title company or escrow company to find out which will work. Also, check to make sure that no other forms are required. In California an attachment for tax purposes now needs to be submitted to keep the county from potentially changing the tax basis.

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