This information session is in English (If you only speak Spanish invite someone bilingual to join you, powerpoint presentation will be shared in English and Spanish)
The primary function of a Transfer of Death Instrument (TODI) is to transfer property from a deceased homeowner to an heir without a lengthy and expensive probate process. TODIs allow the homeowner to identify the beneficiary that will receive their property upon their death via a simple legal recording. A TODI filing allows a property transfer to occur immediately upon the owner's passing, skipping delays that can occur during the probate process. Compared to establishing a land trust, they offer cost savings to the homeowner by only requiring the cost of recording the document with Cook County, the cost is $59.00. A TODI also provides legal flexibility by allowing the property owner to modify or revoke a TODI simply by recording a new and updated TODI.
