Full question:
My uncle was living in Carroll County, Illinois. He passed away last month leaving a will. I’m named as the executor of his will. My uncle has left behind stocks worth $50,000 and a bank account with a balance of $30,000. His will does not mention any debts to be paid out of the estate. Can I administer the will without probate?
- Category: Wills and Estates
- Subcategory: Probate
- Date:
- State: Illinois
Answer:
In Illinois, not all wills require probate. If the deceased did not own real property and the total value of the estate is less than one hundred thousand dollars ($100,000), you may be able to use a Small Estate Affidavit instead of going through probate. This affidavit is a legal document that allows you to claim the assets without formal probate proceedings.
According to 755 ILCS 5/25-1, the Small Estate Affidavit must be notarized. Be cautious, as providing false information in the affidavit can lead to charges of perjury. You can find a model affidavit in the statute or request the necessary form from your local circuit court clerk.
This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.