Avoiding Probate: Legal Help in Peoria, Illinois
There are a great many circumstances where probate is, or should be, avoided.
A decedent who established and funded a living trust during his or her lifetime will result in the avoidance of probate as to all of the assets held in trust as of the date of the decedent's death.
A decedent who titled his or her assets jointly with right of survivorship or designated payable-on-death beneficiaries will result in the avoidance of probate as to all assets jointly held or subject to the payable-on-death beneficiary designations.
A decedent with a probate estate (i.e., not jointly held or subject to payable on death beneficiary designation) consisting of personal property (money, stocks, automobiles, personal possessions, etc.) valued in the aggregate under $100,000 will avoid probate with the use of small estate affidavits properly prepared by an attorney.
At Michael T. Mahoney, Ltd., we are also successful in many cases in avoiding probate where the probate estate consists primarily of the decedent's residence titled in the decedent's name alone as described in the probate section of this website.
The bottom line is that our experienced lawyer will guide the next of kin and the named executor to pursue the most cost-effective and efficient legal procedure possible to settle the decedent's estate.
To find out more about how we may able to help you or to schedule an initial consultation to discuss your case, please call 866-677-8081 or contact us online. We have offices in Chillicothe and Peoria.
