Illinois Executor's Deed

State:
Illinois
Control #:
IL-LR013T
Format:
Word; 
Rich Text
Instant download

Description

This form is a Fiduciary Deed where the grantor may be an executor of will, trustee, guardian, or conservator.
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FAQ

Executor's Deed: This may be used when a person dies testate (with a will). The estate's executor will dispose of the decedent's assets and an executor's deed may be used to convey the title or real property to the grantee.

Locate the most recent deed to the property. Create the new deed. Sign and notarize the new deed. Record the deed in the Illinois land records.

During the administration of the estate those Executors who have obtained a Grant of Probate (more of which later) must act jointly. That is to say that they must all agree on a course of action and each sign any documents, etc. Clearly there may be problems if those appointed do not get on.

In most states, an executor's deed must be signed by a witness and notarized. An executor's deed should be recorded in the real estate records of the county in which the property being conveyed is located.

Once the COURT appoints you as executor, you will record an affidavit of death of joint tenant to get your mother's name of the property. Then, when you get an order for final distribution, you will record a certified copy to get the property into the names of the beneficiaries under the will.

The court will force the executor to return the property to the estate or pay restitution to the beneficiaries of the estate.The executor cannot transfer estate property to himself because the property belongs to someone else unless he pays the full price for it.

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Illinois Executor's Deed