Death and Taxes
“In this world nothing can be said to be certain, except death and taxes” and Probate concerns them both.
What is Probate?
Speaking From The Grave
Probate is a legal process that takes place after someone dies. In Illinois, a person can pass away "testate" (with a will) or "intestate" (without a will). The laws governing the distribution of property and the settling of debts can be complicated, and the process can be long and costly to the estate as it usually requires that the person put in charge, the executor or administrator:
prove that a deceased person's will is valid
identify, inventory and appraise the deceased person's property
pay outstanding debts and taxes, and
distribute the remaining assets or property according to either the will or state law, where there is no will
It is possible to void Probate Court with early and careful Estate Planning. Contact Bell Advocate today to explore your options.
Small Estate Affidavit Preparation
Average $700 - $1000 plus court costs
Large Estates: Personal or Real Property
Average $2800 - $5000 plus court costs
Contested or Creditor Claims
Average $5000+ plus court costs
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