Estate planning in Illinois is incomplete without preparation of the ‘last will and testament’. Your will can make sure that the survivors, including your children, spouse, family members and pets, receive what you want to leave behind for them. It ensures that the assets of the deceased including his or her real and personal properties are distributed in the right way, so that no further disputes arise.
An Illinois Will can be created for the following reasons:
The basic requirements for creating Illinois Last Will and Testament are enlisted below:
An Illinois will and testament can be changed or amended at any point of time with a codicil. Codicils are documents stating the alterations or modifications, which are prepared in accordance with the state laws and kept along with the original copy of the will.
An Illinois will and testament can be revoked in the following ways:
If the deceased leaves no will behind, the property that belongs to him or her will be distributed according to the state’s ‘intestacy’ laws. The spouse and the children will be entitled to the properties in the first place. In absence of a spouse or children, the next in line will be the grandchildren or parents of the deceased. The list will continue in this way with the close and distant relatives including siblings, grandparents, aunts and uncles, cousins and relatives of the spouse. If none of the relations apply, and the court fails to find any connection through blood or marriage, the properties will pass over to the state of Illinois.