Legal Question in Real Estate Law in Illinois
If i make a quick claim deed (life estate deed) will the taxes still be homesteaded while grantor lives in the home?
Asked on 12/29/10, 6:05 am
2 Answers from Attorneys
Burton Padove
Indiana and Illinois Lawyer, Burton A. Padove
It should be if the granto retains ownership and lives in the home. However, why dont you contact your local county official to confirm this?
Answered on 1/04/11, 5:04 am
Thomas Moens
Moens Law Offices, Chartered
Checking with your county treasurer and assessor is your best bet. Also, you are referring to a "quit" claim deed. There is nothing "quick" about it.
Answered on 1/04/11, 10:32 am