Under Illinois law, when a resident dies, their assets and liabilities transfer to their estate. The process can become particularly complicated when no valid will exists, a will can’t be located, or conflicting wills are discovered.
In the absence of a valid will, the estate is disbursed in accordance with the State’s intestacy statute,[1] which may not follow the deceased’s final wishes. It also frequently leads to greater costs because potential heirs must be located and notified and probate courts must supervise and resolve disputes. This can happen when the decedent never created a will, attempted to create one
Continue Reading [Good] Will Hunting More Likely Under New Illinois Law