PLAT ACT AFFIDAVIT for LOGAN COUNTY ILLINOIS Form
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People also ask
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What is an affidavit in Illinois?
An affidavit is a written statement you're asserting is true. Affidavits can be used for many reasons, such as in court cases as evidence and outside of court to verify facts in a business transaction (for instance, if you need to assure a buyer you own what you're selling them).
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What is the plat act in Illinois?
765 ILCS Section 205 Plat Act – The Plat Act governs how property is to be divided in the State of Illinois. All property when divided, must be done by a Subdivision Plat, unless it meets one of the ten exceptions.
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What is the purpose of a small estate affidavit in Illinois?
Navigating the complexities of probate can be daunting, especially when dealing with a smaller estate. In Illinois, a small estate affidavit offers a streamlined alternative to the traditional probate process, making it easier for heirs to access a deceased person's assets without lengthy court proceedings.
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What is a plat act affidavit in Illinois?
Who is eligible to use the small estate affidavit? Eligibility for using a small estate affidavit requires the total value of the decedent's personal estate to not exceed $100,000. The decedent must not have owned any real estate at the time of death. An heir or executor must complete and signNow the affidavit.
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What is the limit for small estate affidavit in Illinois?
The Small Estate Affidavit applies to both real and personal property with a total value of $100,000 or less, excluding liens and encumbrances. The affiant must ensure to use the estate's assets to pay any existing debts before distributing the assets to heirs.
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