Final answer:
In Illinois, requirements for a valid deed include proper identification of parties, legal property description, consideration, grantor's signature, and that the deed is in writing and accepted by the grantee. Recording of the deed is important but not necessary for its validity.
Step-by-step explanation:
In Illinois, as in other states, there are specific requirements that must be met for a deed to be considered valid. These include, but are not limited to, the proper identification of the grantor and grantee, a legal description of the property, consideration (although consideration can be nominal), the grantor's signature, the deed must be in writing, and it must be delivered to and accepted by the grantee.
One requirement that is not necessary for a valid deed in Illinois is the recording of the deed. While recording the deed with the county recorder's office is important for the protection of the grantee's interests against claims from third parties, it is not a requirement for the deed itself to be valid.
A few other elements that are traditionally part of a valid deed but are not necessarily stipulated by law include the presence of witnesses or a notary public's acknowledgment. However, these practices can add to the credibility of the document and may be required by the title company or lender.