What is probate?

  • Robert S. Thomas,
  •   Probate
  •   Comments Off on What is probate?

Probate is a court supervised process that is required when a person dies in order to distribute the deceased person’s property and to pay the debts and taxes of the deceased person. In Illinois, a probate proceeding is necessary only if there are assets that the deceased person owned solely in his/her name and if those assets that are subject to probate have a total value of $100,000.00 or more; or if real estate was owned by the deceased.

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