If there are any problems, like trouble with the valuation of the estate, then the intervention of the local court may be needed. Bear in mind that the assets in question must be under a certain value - $100,000 in the state of Illinois.Įvery small estate affidavit must meet certain legal requirements to be valid, but you don’t need to file the affidavit with local courts in Illinois. The small estate affidavit allows you to skip the usual probate of will proceedings, which are time-consuming and costly.Īrmed with the small estate affidavit, you are allowed to request a third party to transfer assets belonging to the deceased to you. What Is an Illinois Small Estate Affidavit?Īn Illinois small estate affidavit is a document that facilitates the transfer of property to an inheritor after the property owner’s death. You can use the free Illinois small estate affidavit form on this page to create your own affidavit. We explain everything you need to know about the Illinois Small Estate Affidavit below. If you wish to inherit a small estate without going to court and following the lengthy probate process, you can file a small estate affidavit in the state of Illinois.
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