Probate law is an area of the legal system that deals with the distribution of a person’s assets after they die. In order to ensure that the deceased person’s wishes are carried out properly, their estate must go through the probate process. This can be a lengthy and complex process, so it is important to seek professional legal advice from a probate attorney in Rockford, IL, if you are named as an executor in a will.
The first step in the probate process is to apply to the court for a grant of probate. This grants the executor legal authority to deal with the deceased person’s assets. The next step is to locate and value all of the deceased person’s assets. This includes anything from property and savings to stocks and shares. Once all of the assets have been valued, any debts owed by the deceased person must be paid off. This may involve selling some of their assets.
Once all debts have been paid, the executor can distribute the remaining assets according to the terms of the will. If there is no will, then the estate will be distributed according to intestacy laws.
The entire probate process can take several months or even longer if there are complications. It is therefore important to be prepared for a long and complex legal process when dealing with probate in Illinois.
If you are looking for assistance with this process, it is important to consult with a qualified probate attorney in Rockford, IL. Contact Crosby & Crosby LLP Attorneys at Law to learn more and request a consultation today.