what is a small estate affidavit? ...

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what is a small estate affidavit?

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A small estate affidavit is a

A small estate affidavit is a probate method that may be used to transfer property of an estate in certain limited situations. For example, if the value of the personal property in the estate is $100,000 or less and no real property is involved, you may be able to use a small estate affidavit. If the decedent left a will, it may be more difficult to use a small estate affidavit. For the small estate affidavit to be valid, all heirs to the estate must sign and swear to the affidavit before a notary. If an heir cannot be found, then you may be prohibited from using a small estate affidavit. A small estate affidavit is a complicated legal document and if you have questions, contact an Illinois attorney. To view a small affidavit form in Illinois visit http://www.treasurer.il.gov/finances/estate-tax/pdf/SmallEstatesAffidavit--IAForm.pdf.

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A small estate affidavit is a

A small estate affidavit is a probate method that may be used to transfer property of an estate in certain limited situations. For example, if the value of the personal property in the estate is $100,000 or less and no real property is involved, you may be able to use a small estate affidavit. If the decedent left a will, it may be more difficult to use a small estate affidavit. For the small estate affidavit to be valid, all heirs to the estate must sign and swear to the affidavit before a notary. If an heir cannot be found, then you may be prohibited from using a small estate affidavit. A small estate affidavit is a complicated legal document and if you have questions, contact an Illinois attorney. To view a small affidavit form in Illinois visit http://www.treasurer.il.gov/finances/estate-tax/pdf/SmallEstatesAffidavit--IAForm.pdf.