Detailed Answer
Planning ahead helps your loved ones navigate probate in Illinois. The Illinois Probate Act (755 ILCS 5/) governs the process. Having key documents ready can simplify court filings, asset transfers, and minimize delays.
Personal and Family Information
- Full legal name, date of birth, and Social Security number
- Marriage certificate and divorce decrees
- Birth certificates and names of children and beneficiaries
Estate Planning Documents
- Last will and testament
- Revocable living trust documents, if any
- Durable power of attorney for financial matters
- Advanced healthcare directive and healthcare power of attorney
Financial and Asset Records
- Bank account statements and account numbers
- Retirement and investment account details
- Life insurance policies and beneficiary designations
- Real estate deeds, mortgage statements, and vehicle titles
- Business ownership documents, if applicable
Debts and Liabilities
- Credit card statements and loan agreements
- Outstanding bills, medical expenses, and recent tax returns
Funeral Arrangements and Final Wishes
Written instructions on burial, cremation, and memorial preferences
Professional Contacts
- Contact information for your attorney, accountant, and financial advisor
- Insurance agents and bank representatives
Tip: For small estates under $100,000, Illinois law allows a small estate affidavit under 755 ILCS 5/18-1, which can bypass full probate.
Disclaimer: This article is for educational purposes only and does not constitute legal advice. Consult a qualified attorney for advice specific to your situation.
Helpful Hints
- Store originals and keep backup copies in a secure location
- Provide a trusted person with a checklist of document locations
- Review and update documents after major life events
- Maintain a secure list of digital account passwords
- Discuss your plans with family or executors to avoid surprises
- Consider a professional safe deposit box for critical papers
- Label files clearly and keep a corresponding spreadsheet