Legal Question in Wills and Trusts in Illinois
Hello,
My grandfather passed away and left my 2 sons money in a bank account. In order for me to access these funds as there mother the bank is stating I need a Letter of Office. The amount is under 50,000.
Asked on 5/07/19, 9:42 am
1 Answer from Attorneys
Michael Goldberg
Johnston Tomei Lenczycki & Goldberg LLC
My condolences for your loss. The bank may or may not be right. Letters of office are obtained by opening a probate matter in the probate court. This may be unnecessary if the total assets subject to probate for his estate are worth less than $100,000 and do not include real estate. Under such a scenario a small estate affidavit can be used. However, I caution that it is best to speak with an attorney before treading this path, as the affiant may be taking on some personal liability.
Answered on 5/07/19, 9:44 am
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
