Legal Question in Real Estate Law in Illinois

It will. A Quit Claim is the simplest way to transfer property as there are no guarantees made with the transfer like habitability etc. Don't forget to record the deed with the county.

Be careful. This may trigger a gift tax liability. If you have any judgments against you, these will attach to the property. Also, if she has a mortgage, this may cause problems with her lender, or her future ability to finance the property.

Yes. However, read Tom and Caroline's comments. You also may want to have a title search performed to make sure that you are not assuming some liabilities.