Is probate essential if the estate’s value is only $ 80,000.00?
Full Question:
My uncle was living in Carroll County, Illinois. He passed away last month leaving a will. I’m named as the executor of his will. My uncle has left behind stocks worth $50,000 and a bank account with a balance of $30,000. His will does not mention any debts to be paid out of the estate. Can I administer the will without probate?
12/01/2016 |
Category: Wills and Es... » Probate |
State: Illinois |
#27409
Answer:
It must be remembered that a fraudulent statement in the affidavit will result in perjury. “A fraudulent statement made under the penalties of perjury is perjury, as defined in Section 32-2 of the Criminal Code of 2012.” 755 ILCS 5/25-1.
Also, 755 ILCS 5/25-1requires the Small Estate Affidavit to be notarized.
