Small Estate Affidavit Chicago. State of illinois county of _____ small estate affidavit The administrator is required to swear that all conditions are met, and they’ll.
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A small estate affidavit is used in cook county, illinois to settle an estate whose total value is less than $100,000. A small estate affidavit is a form that states facts and information related to an estate showing that the estate is small enough and routine enough to be handled using the affidavit. If your loved one had a smaller estate, it may be possible to access their assets using a small estate affidavit, rather than probate.
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For estates that are below $100,000 in the aggregate, estate executors or beneficiaries can fill out a form that lists pertinent information about the estate (including assets, heirs, debts, distribution. Risks of using a small estate affidavit. The form is typically prepared by the acting representative of the estate, such as the named executor under the will or the person who would otherwise serve as. This form allows an heir to collect the personal property of the decedent without going to court.
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