Probate is the court-supervised settlement of a deceased person's estate. In Illinois, an estate is subject to the probate process if there is real estate or assets exceeding $100,000.
At the Law Office of Daniel Parsons, P.C., we assist our clients with the probate process, which includes:
Probate isn't necessary in all situations. For example, assets held in trusts are not subject to probate.
However, having at least a portion of the estate pass through the probate process can be desirable since claims against the estate are cut off six months after the date of publication of the claim notice (or three months after notifying a creditor directly).
Probate can be an important process for people who may have dormant claims against them, such as doctors and other professionals who may be subject to malpractice claims.