Legal Question in Wills and Trusts in Illinois

Would you please explain the $1000 Illinois limitation on personal property? I ran across this term when I was finding out information about setting up a will and trust.


Asked on 6/24/11, 3:59 pm

2 Answers from Attorneys
Manish Bhatia Manish C. Bhatia, Attorney at Law

Are you sure you are not thinking about the $100,000 limit for a small estate?

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Answered on 6/24/11, 4:09 pm
Steve Raminiak Law Offices of Steve Raminiak, P.C.

You seem to be referring to Illinois' probate threshold of $100,000.

If, at death, a person possessed no real property and the gross value of his estate does not exceed $100,000, then a probate can probably be avoided by the use of a certain type of affidavit. This affidavit should be prepared by an attorney after an attorney reviews your particular situation.

Feel free to call me for a free consulation. I'd be happy to assist you with your will and trust.

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Answered on 6/27/11, 8:34 am


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