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Families that would rather avoid probate court due to the costs and time frame of a court proceeding can take advantage of small estates affidavits to obtain a decedent’s assets. These include assets such as vehicles, bank accounts, certificates of deposit and corporate stocks standing in their name alone. The maximum amount of non-probate personal assets that a decedent can own at the time of death, and still qualify for the use of a small estate affidavit is currently $100,000. This does not include life insurance payable to a named beneficiary, joint tenancy accounts, payable on death accounts, real estate
Continue Reading Illinois Small Estate Affidavits

Continue Reading Illinois Small Estate Affidavits