Shade character in the Small Estate Affidavit

Aug 6th, 2022
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Shade character in Small Estate Affidavit. Simplify your document editing with DocHub

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The following information should be included in your form: The date on which the affidavit is signed, along with the city and state in which it is signed. Pertinent information about yourself, such as your name, address, occupation, and any other similar identifying information.
Though the affiant is not legally required to have a lawyer, it is wise for the affiant to hire one.
You may be personally liable for any losses incurred by creditors or heirs if the information in your affidavit is incorrect. You may be accused of fraud if you knowingly misrepresent any information in the affidavit. You may be required to go through probate if your affidavit is not accepted by the court.
Here are the states criteria for using the small estate affidavit: The estate cant be valued at more than $100,000 in total. The person who died cant have owned real estate, or the real estate must have been transferred to someone else on the owners death through joint tenancy or another method.
The Affidavit must confirm the following: The estate does not include real property; The estate value, less liens and encumbrances, does not exceed the annual cost-of-living adjustment; 28 days have passed since the decedents death;
The form must include: The witnesses names and addresses. Relationships to the decedent. Decedents date of death. Decedents marital history. Decedents family history (children, grandchildren, parents, siblings, nieces/nephews)
If the decedent was single, personal property worth up to $50,000 is considered exempt property. Pension benefits, retirement assets and insurance benefits are also exempt.
How to fill out a small estate affidavit in Illinois Fill in your name and information in #1. Complete the information about the decedent in #2-4. Mark either #7a or #7b depending on what is true. Complete #9a to indicate the names of the spouse and children if any.

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