Public Act 0743 99TH GENERAL ASSEMBLY

SB2842 Enrolled LRB099 18996 HEP 45031 b

Public Act 099-0743

AN ACT concerning civil law.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The Trusts and Trustees Act is amended by adding Section 6.5 as follows:

(760 ILCS 5/6.5 new)

Sec. 6.5. Transfer of property to trust.

(a) The transfer of real property to a trust requires a transfer of legal title to the trustee evidenced by a written instrument of conveyance and acceptance by the trustee.

(b) If the transferor is a trustee of the trust, an interest in real property does not become trust property unless the instrument of conveyance is recorded in the office of the recorder of the county in which the property is located.

Effective Date: 1/1/2017