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Probate & Estate Administration

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Illinois Probate and Estate Administration Attorneys

When a loved one dies, dealing with the probate and estate administration process can be overwhelming. You’re grieving, and there’s so much to think about. That’s where Wilson & Wilson Estate Planning & Elder Law LLC can help.

In addition to the emotional toll of grieving the loss of a loved one, family members may also experience conflict and disagreement during the estate administration process. This can be due to a number of factors, such as unclear instructions in the will, disputes over family heirlooms, or disagreements about how to distribute assets.

Our experienced LaGrange and Deerfield probate and estate administration attorneys can help you navigate the probate process and ensure that your loved one’s wishes are carried out. We understand that this can be a difficult time, and we’re committed to providing you with the support and guidance you need.

Here are some of the ways we can help:

  • Explain the probate process and your rights as an heir or beneficiary.
  • Help you file the necessary paperwork and meet deadlines.
  • Represent you in court, if necessary.
  • Work with you to distribute your loved one’s assets according to their will or trust.
  • Understand your rights and obligations as the executor or administrator of the estate
  • Resolve any disputes that may arise among family members
  • Ensure that the deceased’s wishes are respected and that their assets are distributed according to the law

We know that probate in Illinois can be complex and time-consuming. That’s why we’re here to take some of the burden off of your shoulders. We’ll handle all of the legal details so you can focus on grieving and healing. Contact us today for a consultation to learn more about how we can help you with the probate and estate administration process. We have offices in LaGrange and Deerfield to serve you.

Illinois Laws Regarding Wills

Illinois probate laws have specific requirements for creating a valid will. If you want to ensure that your last wishes are respected, it’s important to create a will that complies with Illinois law. To create a valid will in Illinois, you must:

  • Be at least 18 years old
  • Be of sound mind
  • Write the will (oral wills are not valid)
  • Sign the will
  • Have two witnesses sign the will in your presence

Illinois recognizes wills executed outside of the state, but only if they were drafted and signed in accordance with the laws of the state where they were executed. You can revoke your will at any time by:

  • Burning, tearing, or canceling it, or
  • Drafting a new will

It’s important to note that once a new will is executed, it revokes all previous wills. If you have any questions about creating or revoking a will in Illinois, please consult with an experienced estate planning attorney at Wilson & Wilson Estate Planning & Elder Law LLC.

Estate Administration Defined

Estate administration is the process of settling a deceased person’s estate. This includes gathering the assets, paying the debts, and distributing the remaining assets to the beneficiaries. If the deceased person had a will, the person who has the will must file it with the court in the county where the deceased person lived. Destroying a will or failing to disclose it for more than 30 days is a felony.

Not all estates need to go through probate. Probate is typically not needed if the estate doesn’t include any real property and the total value of the personal property is less than $100,000. However, if the deceased person owned real property or the value of the personal property is more than $100,000, probate is required. Probate can be a complex and time-consuming process, but it’s important to ensure that the deceased person’s estate is settled properly. An experienced Illinois estate planning lawyer can help you navigate the probate process and ensure that the deceased person’s wishes are respected.

What Estate Administration in Illinois Involves

After a will is filed and a probate case is opened, the court will admit the will to probate and appoint a personal representative, who is the person in charge of administering the estate. The personal representative may be an executor, someone named in the will to handle the estate, or an administrator, who is appointed by the court if there is no will or if the executor is unable or unwilling to serve. Executors and administrators are entitled to receive reasonable fees for their services.

Illinois probate cases typically proceed under “independent administration,” which means the personal representative can take action without obtaining court approval. However, in some cases, the court may order “supervised administration,” which means the personal representative must obtain court approval for most actions.

During the probate process, the personal representative must identify and gather all of the assets of the estate and pay any valid debts. This may require selling some of the estate’s assets. The personal representative must also notify all known creditors of the probate case and publish a notice in a local newspaper to notify unknown creditors. Creditors have six months to file claims.

The personal representative must also obtain a tax ID for the estate and file state and federal tax returns on its behalf. If the deceased person has a valid will, the estate will be distributed in accordance with the terms of the will unless the will is contested. If the deceased person died without a will, the estate will be distributed according to Illinois intestacy laws.

Probate and Estate Administration in Illinois

Probate is the legal process of settling a deceased person’s estate. It can be a complex process, but if you understand how it works, you’ll be prepared in case you’re ever named as an executor or administrator of an estate.

Here’s a simplified overview of the probate process in Illinois:

  1. Someone applies for probate. This is usually done by the executor named in the deceased person’s will. If there’s no will, or if the executor named in the will is unable or unwilling to serve, the court will appoint an administrator.
  2. The court appoints an executor or administrator. Once the court has appointed an executor or administrator, they’ll be responsible for administering the estate under the court’s guidance.
  3. The executor or administrator gathers the deceased person’s assets and pays their debts. This includes notifying creditors and giving them a chance to file claims against the estate.
  4. The executor or administrator distributes the deceased person’s remaining assets to their beneficiaries. Once all debts and claims have been paid, the executor or administrator will distribute the remaining assets to the beneficiaries named in the will. If there is no will, the assets will be distributed according to Illinois intestacy laws.

Here are some tips to help you navigate the probate process:

  • Gather all of the deceased person’s important documents. This includes their will, life insurance policies, retirement accounts, and other financial documents.
  • Contact an experienced estate planning attorney. An attorney can help you understand the probate process and ensure that the deceased person’s estate is settled properly.
  • Be patient. Probate can take several months or even years to complete. Don’t get frustrated if the process takes longer than you expected.

Remember, the goal of probate is to ensure that the deceased person’s wishes are carried out and that their assets are distributed to their beneficiaries according to the law.

Meet With an Experienced LaGrange and Deerfield Estate Planning Lawyer

Your estate plan is your roadmap for the future of your assets and your loved ones. It’s important to have a thorough and up-to-date plan in place to ensure that your wishes are respected and your loved ones are taken care of.

At Wilson & Wilson Estate Planning and Elder Law, our LaGrange and Deerfield estate planning lawyers can help you create or update your estate plan, including drafting a will or trust. We can also help you handle Illinois probate and estate administration so you can focus on grieving the loss of your loved one.

Here’s why it’s important to have an estate plan:

  • Protect your assets. An estate plan can help protect your assets from creditors, taxes, and lawsuits.
  • Ensure your wishes are respected. Your estate plan allows you to specify how you want your assets distributed after your death.
  • Take care of your loved ones. Your estate plan can provide for your minor children, disabled loved ones, and aging parents.

If you don’t have an estate plan in place, or if your plan is outdated, contact Wilson & Wilson Estate Planning & Elder Law LLC today for a consultation. We can help you create a plan that meets your individual needs and goals. You can send a message online or call our LaGrange office at (708) 482-7090 or our Deerfield office at (847) 656-8958.

FAQs About Probate & Estate Administration in Illinois

What assets are subject to probate in Illinois?

Assets subject to probate include real estate owned solely by the deceased, personal property not held in joint tenancy, bank accounts without beneficiary designations and other assets titled in the deceased’s name alone. Assets that typically avoid probate include jointly owned property with survivorship rights, retirement accounts with named beneficiaries, life insurance policies with designated beneficiaries and assets held in properly funded trusts.

How are debts and taxes handled during probate?

The executor must identify and notify all known creditors, publish notice to unknown creditors and pay all valid debts from estate assets before distributing inheritances to beneficiaries. The executor is also responsible for filing final income tax returns for the deceased, paying any estate taxes owed and obtaining tax clearances before making final distributions to ensure compliance with all tax obligations.

How are estate assets valued and inventoried?

The executor must prepare a comprehensive inventory listing all estate assets and their fair market values as of the date of death, often requiring professional appraisals for real estate, business interests and valuable personal property. This inventory must be filed with the court within a specified timeframe and serves as the basis for calculating estate taxes, creditor claims and beneficiary distributions.

What rights do beneficiaries have during probate?

Beneficiaries are entitled to be notified about probate proceedings, access to estate accounting records, and timely distribution of their inheritances according to the will’s terms or intestacy laws. They may also petition the court to remove an executor for misconduct, challenge unreasonable fees or expenses and object to proposed distributions that do not comply with legal requirements.

Can real estate be sold during probate?

Yes, real estate can be sold during probate if necessary to pay debts, taxes or expenses, or if specifically authorized by the will. However, the sale may require court approval, depending on the type of administration and the specific circumstances. The proceeds from real estate sales become part of the estate’s liquid assets and are distributed according to the terms of the will or intestacy laws after all obligations have been satisfied.

Can probate be avoided in Illinois?

Yes, probate can often be avoided or simplified through proper estate planning techniques such as establishing revocable living trusts, designating beneficiaries on retirement accounts and life insurance policies and owning property in joint tenancy with right of survivorship. However, these strategies require advance planning and proper implementation to be effective, which is why consulting with an attorney is beneficial.

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