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To Transfer or Not to Transfer, That Is the Question, Maybe…

By September 21, 2020No Comments

As discussed in our blog, The Shark Free Zone, in September 2015 an Illinois Appellate Court ruled, in The Estate of Mendelson v. Mendelson, that real estate that is subject of a revocable living trust, under certain circumstances, does not need to be formally titled to that trust.

The ruling means that a home does not have to be transferred via recording the title with the county recorder of deeds office in the relevant county before the trustmaker dies… ohboy…

The more far-reaching implication is the elimination of a revenue stream for trust companies that receive an income stream from having homes retitled to trusts and then retitled to the rightful beneficiary or beneficiaries once the trustmaker dies. Read more…

On June 26, 2015, in a historical moment, the United States joined several other progressive, developed countries in recognizing all citizens’ right to marry. You can read a brief summary of SCOTUS’s Decision on The Shark Free Zone or download the Opinion. Our firm has worked steadily with colleagues and the public in advocating on behalf of committed, loving couples who were prevented from marrying or found marriage challenging to their families because of the patchwork of laws that was created initially by the so-called Defense of Marriage Act.

Accordingly, The Law Offices of Max Elliott, Ltd. joins our colleagues, communities, and families in celebrating this joyous and historic occasion, as the Supreme Court of the United States of America has made unconstitutional invidious discriminatory laws restricting the fundamental right to marry, thereby strengthening the bonds that make our country a more legally just and safe place in which to live and love.

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