Current through Public Act 103-1052
Section 755 ILCS 27/55 - Revocation by recorded instrument authorized; revocation by act or unrecorded instrument, not authorized(a) An instrument is effective to revoke a recorded transfer on death instrument, or any part of it, only if: (1) it is: (A) another transfer on death instrument that revokes the instrument or part of the instrument expressly or by inconsistency; or(B) an instrument of revocation that expressly revokes the instrument or part of the instrument; and(2) it is: (A) executed, witnessed, and acknowledged in the same manner as is required by Section 45 on a date that is after the date of the acknowledgment of the instrument being revoked; and(B) recorded before the owner's death in the public records in the office of the recorder of the county or counties where the prior transfer on death instrument is recorded.(b) A transfer on death instrument executed and recorded in accordance with this Act may not be revoked by a revocatory act on the instrument, by an unrecorded instrument, or by a provision in a will.Amended by P.A. 097-0813,§ 690, eff. 7/13/2012.Added by P.A. 097-0555,§ 55, eff. 1/1/2012.