Small Estate Affidavit Mattoon IL – Bates Law Office – 501 Jackson Avenue – Suite 2031 – Call 217-512-1847
A Small Estate Affidavit Mattoon IL is a way of transferring a person’s property and assets after they pass away without the need to court.
After someone dies, his or her property – their estate – must often go through a somewhat time-consuming legal procedure called probate. This must occur first before the estate’s assets may be distributed to the beneficiaries or heirs. In many states including Illinois, though, there is an option to utilize a small estate affidavit if the estate’s assets total below a set amount.
An attorney is not necessarily required for you to complete a Small Estate Affidavit Mattoon IL. However, it is typically beneficial to consult with an attorney before you proceed.
Talk to an Attorney at the Bates Law Office About Small Estate Affidavit Mattoon IL and Estate Administration at 217-512-1847
There are some instance when a formal probate procedure may be beneficial for some larger estates in the state of Illinois. But when a person passes away and leaves behind a relatively small amount of assets and property, going through formal probate is often not necessary. This is way states such as Illinois permit the filing of a Small Estate Affidavit Mattoon IL as an alternative to probating the estate.
The value of the deceased person’s estate, the type of properties within it and the whether or not the beneficiaries are all in agreement with respect to the filing of the small estate affidavit are typically considerations. When utilizing a small estate affidavit is a viable option, it can significantly reduce the cost and time it will take to administer the estate.
Contact the Bates Law Office for answers to your questions about small estate affidavits and if it is option for administration of your loved one’s estate.
