Affidavit for collection of personal property
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What is a small estate affidavit used for in Illinois?
What is a Small Estate Affidavit? 1 Benefits of a Small Estate Affidavit. A small estate affidavit is used to transfer assets in an estate to heirs without going through the lengthy and expensive probate process. 2 Requirements for a Small Estate Affidavit. … 3 Get Assistance With an Illinois Probate or Trust Administration Matter. …
How do I fill out a small estate affidavit?
A guide to the small estate affidavit process 1 Fill out the form. The small estate affidavit form requires basic information: names and addresses of the decedent and… 2 Attach necessary documents. 3 File the affidavit with the court, if necessary. What happens next in the affidavit process depends on the procedures in… More …
Why do I need a lawyer for a small estate affidavit?
Your lawyer can also answer any specific questions you may have about a small estate affidavit and can help you file a claim should any disputes arise in connection with your affidavit (e.g., if a property owner refuses to transfer certain assets or property).
What assets are eligible for transfer under a small estate affidavit?
In contrast, some common non-probate assets that may be eligible for transfer under a small estate affidavit include trust assets, retirement benefits, life insurance, jointly owned properties, and assets held in a payable on death bank account.