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Fill and Sign the Control Number Il 029 78 Form

Fill and Sign the Control Number Il 029 78 Form

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© 2016 - U.S. Legal Forms, Inc. ILLINOIS WARRANTY DEED [Trust to Trust] Control Number: IL-029-78 I. TIPS ON COMPLETING THE FORMSThe form(s) in this packet may contain “form fields” created using Microsoft Word or Adobe Acrobat (“.pdf” format). “Form fields” facilitate completion of the forms using your computer. They do not limit your ability to print the form “in blank” and complete with a typewriter or by hand.It is also helpful to be able to see the location of the form fields. Go to the View menu, click on Toolbars, and then select Forms. This will open the Forms toolbar. Look for the button on the Forms toolbar that resembles a shaded letter “a”. Click this button and the form fields will be visible. By clicking on the appropriate form field, you will be able to enter the needed information. In some instances, the form field and the line will disappear after information is entered. In other cases, it will not. The form was created to function in this manner.II. ILLINOIS PROPERTY TAX CODE – TRANSFER TAX EXEMPTION1. Real Estate Transfer Declaration can be completed and printed online at: https://www.revenue.state.il.us/RETD/2. See the following for a listing of the exemptions to the Illinois Transfer Tax on real estate transactions:(35 ILCS 200/31-45)Sec. 31-45. Exemptions. The following deeds or trust documents shall be exempt from the provisions of this Article except as provided in this Section:(a) Deeds representing real estate transfers made before January 1, 1968, but recorded after that date and trust documents executed before January 1, 1986, but recorded after that date.(b) Deeds to or trust documents relating to (1) property acquired by any governmental body or from any governmental body, (2) property or interests transferred between governmental bodies, or (3) property acquired by or from any corporation, society, association, foundation or institution organized and operated exclusively for charitable, religious or educational purposes. However, deeds or trust documents, other than those in which the Administrator of Veterans' Affairs of the United States is the grantee pursuant to a foreclosure proceeding, shall not be exempt from filing the declaration.(c) Deeds or trust documents that secure debt or other obligation. (d)Deeds or trust documents that, without additional consideration, confirm, correct, modify, or supplement a deed or trust document previously recorded.(e)Deeds or trust documents where the actual consideration is less than $100.(f) Tax deeds.(g) Deeds or trust documents that release property that is security for a debt or other obligation. (h) Deeds of partition.(i) Deeds or trust documents made pursuant to mergers, consolidations or transfers or sales of substantially all of the assets of corporations under plans of reorganization under the Federal Internal Revenue Code or Title 11 of the Federal Bankruptcy Act.(j)Deeds or trust documents made by a subsidiary corporation to its parent corporation for no consideration other than the cancellation or surrender of the subsidiary's stock.(k) Deeds when there is an actual exchange of real estate and trust documents when there is an actual exchange of beneficial interests, except that that money difference or money's worth paid from one to the other is not exempt from the tax. These deeds or trust documents, however, shall not be exempt from filing the declaration.(l) Deeds issued to a holder of a mortgage, as defined in Section 15-103 of the Code of Civil Procedure, pursuant to a mortgage foreclosure proceeding or pursuant to a transfer in lieu of foreclosure.(m) A deed or trust document related to the purchase of a principal residence by a participant in the program authorized by the Home Ownership Made Easy Act, except that those deeds and trust documents shall not be exempt from filing the declaration.II. DISCLAIMERThese materials were developed by U.S. Legal Forms, Inc. based upon statutes and forms for the State of Illinois. All information and Forms are subject to this Disclaimer: All forms in this package are provided without any warranty, express or implied, as to their legal effect and completeness. Please use at your own risk. If you have a serious legal problem, we suggest that you consult an attorney in your state. U.S. Legal Forms, Inc. does not provide legal advice. The products offered by U.S. Legal Forms (USLF) are not a substitute for the advice of an attorney.THESE MATERIALS ARE PROVIDED “AS IS” WITHOUT ANY EXPRESS OR IMPLIED WARRANTY OF ANY KIND INCLUDING WARRANTIES OF MERCHANTABILITY, NONINFRINGEMENT OF INTELLECTUAL PROPERTY, OR FITNESS FOR ANY PARTICULAR PURPOSE. IN NO EVENT SHALL U.S. LEGAL FORMS, INC. OR ITS AGENTS OR OFFICERS BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING WITHOUT LIMITATION DAMAGES FOR LOSS OR PROFITS, BUSINESS INTERRUPTION, LOSS OF INFORMATION) ARISING OUT OF THE USE OF OR INABILITY TO USE THE MATERIALS, EVEN IF U.S. LEGAL FORMS, INC. HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. Warranty Deed Page 1 of 2 WARRANTY DEED [Trust to Trust] Prepared by and Mail to: Name and Address of Taxpayer: RECORDER’S STAMP Permanent Index Number(s): Property Address: GRANTOR: (an individual) ( a Corporation organized under the laws of the State of ) whose address is , as Trustee under the provisions of a trust agreement dated , 20 ,known as the Trust, For and in consideration of $ , CONVEYS AND WARRANTS toGRANTEE: (an individual) ( a Corporation organized under the laws of the State of ) whose address is , as Trustee under the provisions of a trust agreement dated , 20 ,known as the Trust, all interest in the following described real property located in the County of , in the State of Illinois, to wit: See Legal Description Attached as Exhibit A incorporated by reference as though set forth in full Legal Description: Dated this day of , 20 . Warranty Deed Page 2 of 2Individual Grantor: Corporate Grantor: Name of Corporation Signature of Grantor Signature of Grantor Type or Print Name Type or Print Name Title or Position Individual Acknowledgement: Corporate Acknowledgement:State of IllinoisState of IllinoisCounty of County of The foregoing instrument was acknowledged The foregoing instrument was acknowledged before me this before me this (date), by (date), by (name of person(s) acknowledged). (name and title of officer or agent) of (name In Witness Whereof, I have hereunto set my handof corporation), a and seal the day and year before written. (state or place of incorporation) corporation, on behalf of the corporation.In Witness Whereof, I have hereunto set my Notary Public hand and seal the day and year before written. Type or Print Name Notary Public Type or Print Name (SEAL) (SEAL) MUNICIPAL TRANSFER STAMPCOUNTY/ILLINOIS TRANSFER STAMP [If Required] Exhibit A EXHIBIT A Grantor: Grantee: Legal Description:

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