Form TR-39 Statement of Trust - Illinois

What Is Form TR-39?

This is a legal form that was released by the Illinois Department of Natural Resources - a government authority operating within Illinois. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form TR-39?
A: Form TR-39 is a Statement of Trust.

Q: What is the purpose of Form TR-39?
A: The purpose of Form TR-39 is to establish a trust for residential property in Illinois.

Q: How do I fill out Form TR-39?
A: To fill out Form TR-39, you will need to provide information about the trust's name, address, trustee, and the property being placed in the trust.

Q: Is there a fee for submitting Form TR-39?
A: Yes, there is a fee associated with submitting Form TR-39. The exact amount may vary depending on the county where the property is located.

Q: Are there any deadlines for submitting Form TR-39?
A: There is no specific deadline for submitting Form TR-39. However, it is recommended to file the form as soon as possible after the creation of the trust or transfer of property into the trust.

Q: Can I amend or cancel a Form TR-39?
A: Yes, you can file an amendment or cancellation of a Form TR-39 if there are changes to the trust or if the trust is terminated.

Q: Do I need to file Form TR-39 every year?
A: No, Form TR-39 is not required to be filed annually. It only needs to be filed once when establishing the trust or transferring property into the trust.

Q: Can I use Form TR-39 for commercial properties?
A: No, Form TR-39 is specifically for residential properties in Illinois. For commercial properties, a different form may be required.

Q: What should I do after submitting Form TR-39?
A: After submitting Form TR-39, it is advisable to keep a copy of the form for your records and to ensure that any necessary payments or fees are paid to the appropriate agency.