Governor Pritzker signed Executive Order 2020-10 on March 20, 2020. It went into effect at 5:00pm on Saturday, March 21, 2020. This Executive Order generally requires individuals in Illinois to stay at home, but contains numerous exceptions. Any businesses qualifying as “Essential Businesses” are permitted to remain open.
Real estate can take on different forms of ownership depending upon the number of parties and the unique circumstances involved. Understanding how your real estate is owned, or “titled,” is necessary because this determines the extent of control you have over your real estate, how susceptible your property is to creditors, and what will happen to it upon your death.