Howard & Hardyman LLP

Posts tagged "Probate Estate Administration"

Understanding intestate succession

Despite the repeated suggestions offered by estate planning experts, many in Rockford are ill-prepared in regards to the issue of estate administration. Even something as simple as making a will is often overlooked. Indeed, study data shared by the American Association of Retired Persons shows that only four out of every 10 American adults has a will. Yet many may avoid preparing a will out of fear that their beneficiaries will be angered by their decisions. They may simply think it to be better to allow said beneficiaries to decide amongst themselves who gets what once they are gone. 

What is probate?

For those in Illinois taking the responsible step of writing a will, the term "probate" can be confusing. According to FindLaw, probate refers to the process of legally transferring your property after you die. However, the term can also refer to the court in which this process takes place. The purpose of probate is to ensure the validity of your will, settle any debts you leave behind and distribute your assets and property according to your wishes in accordance with the law. Because probate can be an expensive and time-consuming process, however, many people try to avoid it. 

  • Illinois State Bar Association
  • WCBA | Winnebago County | Bar Association | Established 1996
  • United States Court Of Appeals | Seventh Circuit
  • State Bar of Wisconsin
  • United States District Court For The Northern District Of Illusions
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