Your Guide to Probate Law in Peoria IL
Probate can be a stressful and time-consuming affair, especially after the death of a loved one. However, it would help if you didn’t have to deal with probate law in Peoria IL, alone. By hiring the professionals at Essig Law Office, we can be your guide to navigating the complicated probate process.
For over 40 years, the team at Essig Law Office has been serving clients throughout Central Illinois. As a small law office run by the father and son duo of Dean and Dustin Essig, we understand the importance of family. Thus, we take great care to ensure the probate process goes as smoothly as possible. You can be confident your family’s assets and affairs are in the right hands with Essig Law Office.
How Probate in Illinois Works
Probate law functions differently from state to state. You might find some states require more involvement in handling your estate while others are more hands-off. This is the process under Illinois law:
- Unless your estate is subject to certain exemptions, you must go through the probate process with an estate valued anywhere over $100,000.
- Next, an executor will be chosen, either by what a will stipulates or by the state. The executor’s job is to manage the deceased assets, pay any outstanding debts of the deceased and divide the estate to the appropriate benefactors, be there any.
- Much of the responsibility for an estate falls upon the executor after they’ve been determined. At this point, many individuals bring outside help (such as Essig) to assist with handling an estate.
- A probate attorney will help determine what assets go to who and the priority of each. For example, funeral costs are always considered a top priority, and afterward, state taxes and creditors take the portion of the estate that is owed them. After that, the remainder is split among family.
The Legal Help You Require
Many families find they need assistance with probate law in Peoria IL and the surrounding areas. However, Essig Law Office can help with legal matters outside of probate, too. For example, our practice areas include:
Any questions you may have about probate law in Peoria IL, and the process it entails, reach out to Essig Law Office today. You can contact us at 309-444-8041 to request a free consultation. Also, we are located at 135 Washington Square, Washington, IL 61571.