An Illinois transfer on death deed allows property owners to name a beneficiary to transfer the title to in the event of their death. Otherwise known as a Transfer on Death Instrument (TODI), this deed is used in estate planning to make possible the passing on of real estate without the interference of probate court. The owner maintains the full title rights to the property, meaning they can convey to lease it as they wish. Additionally, the owner may add or remove beneficiaries or revoke the deed in its entirety at any moment need to inform the parties to the instrument.