| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
1 | AN ACT concerning civil law.
| |||||||||||||||||||||||||
2 | Be it enacted by the People of the State of Illinois,
| |||||||||||||||||||||||||
3 | represented in the General Assembly:
| |||||||||||||||||||||||||
4 | Section 5. The Probate Act of 1975 is amended by changing | |||||||||||||||||||||||||
5 | Sections 4a-5, 4a-10, 4a-15, and 4a-30 as follows: | |||||||||||||||||||||||||
6 | (755 ILCS 5/4a-5) | |||||||||||||||||||||||||
7 | Sec. 4a-5. Definitions. As used in this Article: | |||||||||||||||||||||||||
8 | (1) "Caregiver" means a person who voluntarily, or in | |||||||||||||||||||||||||
9 | exchange for compensation, has assumed responsibility for all | |||||||||||||||||||||||||
10 | or a substantial portion of the care of another person who | |||||||||||||||||||||||||
11 | needs assistance with activities of daily living. "Caregiver" | |||||||||||||||||||||||||
12 | includes a caregiver's spouse , cohabitant , child, or employee. | |||||||||||||||||||||||||
13 | "Caregiver" does not include a family member of the person | |||||||||||||||||||||||||
14 | receiving assistance. | |||||||||||||||||||||||||
15 | (2) "Family member" means a spouse, civil union partner, | |||||||||||||||||||||||||
16 | child, step-child, grandchild, sibling, aunt, uncle, niece, | |||||||||||||||||||||||||
17 | nephew, first cousin, or parent of the person receiving | |||||||||||||||||||||||||
18 | assistance , or a spouse of one of those relatives . | |||||||||||||||||||||||||
19 | (3) "Transfer instrument " means the legal document | |||||||||||||||||||||||||
20 | intended to effectuate a transfer effective on or after the | |||||||||||||||||||||||||
21 | transferor's death and includes, without limitation, a | |||||||||||||||||||||||||
22 | transfer effectuated by a will, trust, transfer on death | |||||||||||||||||||||||||
23 | instrument deed , form designated as payable on death, contract, |
| |||||||
| |||||||
1 | or other beneficiary designation form. | ||||||
2 | (4) "Transferee" means a legatee, a beneficiary of a trust, | ||||||
3 | a grantee of a transfer on death instrument deed , or any other | ||||||
4 | person designated in a transfer instrument to receive a | ||||||
5 | nonprobate transfer. | ||||||
6 | (5) "Transferor" means a testator, settlor, grantor of a | ||||||
7 | transfer on death instrument deed , or a decedent whose interest | ||||||
8 | is transferred pursuant to a nonprobate transfer.
| ||||||
9 | (Source: P.A. 98-1093, eff. 1-1-15 .) | ||||||
10 | (755 ILCS 5/4a-10) | ||||||
11 | Sec. 4a-10. Presumption of void transfer. | ||||||
12 | (a) In any civil action in which a transfer instrument is | ||||||
13 | being challenged, there is a rebuttable presumption, except as | ||||||
14 | provided in Section 4a-15, that the transfer instrument is void | ||||||
15 | if the transferee is a caregiver and the fair market value of | ||||||
16 | the transferred property exceeds $20,000. | ||||||
17 | (b) Unless a shorter limitations period is required by | ||||||
18 | Section 8-1 or 18-12 of this Act, any action under this Section | ||||||
19 | shall be filed within 2 years of the date of death of the | ||||||
20 | transferor.
| ||||||
21 | (c) If the property in question is an interest in real | ||||||
22 | property, a purchaser or mortgagee for value and without | ||||||
23 | notice, before the recordation of a lis pendens for an action | ||||||
24 | under this Section, shall take free and clear of the action. | ||||||
25 | (Source: P.A. 98-1093, eff. 1-1-15 .) |
| |||||||
| |||||||
1 | (755 ILCS 5/4a-15) | ||||||
2 | Sec. 4a-15. Exceptions. The rebuttable presumption | ||||||
3 | established by Section 4a-10 can be overcome if the transferee | ||||||
4 | proves to the court either: | ||||||
5 | (1) by a preponderance of evidence that the | ||||||
6 | transferee's share under the transfer instrument is not | ||||||
7 | greater than the share the transferee was entitled to under | ||||||
8 | the transferor's transfer instrument in effect prior to the | ||||||
9 | transferee becoming a caregiver; or | ||||||
10 | (2) by clear and convincing evidence that the transfer | ||||||
11 | was not the product of fraud, duress, or undue influence.
| ||||||
12 | (Source: P.A. 98-1093, eff. 1-1-15 .) | ||||||
13 | (755 ILCS 5/4a-30) | ||||||
14 | Sec. 4a-30. No independent duty. The rebuttable | ||||||
15 | presumption set forth in Section 4a-10 of this Article applies | ||||||
16 | only in a civil action in which a transfer instrument is being | ||||||
17 | challenged, and does not create or impose an independent duty | ||||||
18 | on any financial institution, trust company, trustee, or | ||||||
19 | similar entity or person related to any transfer instrument .
| ||||||
20 | (Source: P.A. 98-1093, eff. 1-1-15 .)
| ||||||
21 | Section 99. Effective date. This Act takes effect upon | ||||||
22 | becoming law.
|