An Illinois Small Estate Affidavit ($100,000 and Under) is a legal document that allows for the transfer of a person's estate without the need for probate court proceedings. The affidavit is most commonly used when an individual has died and left an estate with assets valued at or below $100,000. This type of affidavit is typically used to transfer assets such as real estate, bank accounts, and personal property. There are two types of Illinois Small Estate Affidavit ($100,000 and Under): an affidavit for real estate and an affidavit for personal property. The affidavit for real estate is used to transfer a deceased person's real estate or interests in real estate. This affidavit must be completed and signed by the deceased's heirs, and the appropriate documentation must be filed with the court. The affidavit for personal property is used to transfer the deceased's personal property, such as bank accounts, investments, and vehicles. This affidavit must also be completed and signed by the deceased's heirs, and the appropriate documentation must be filed with the court. In order to be eligible to use an Illinois Small Estate Affidavit ($100,000 and Under), the deceased must have passed away within the past three years and the estate must consist solely of assets with a value of $100,000 or less. Additionally, all heirs listed on the affidavit must be legally competent and must have agreed to the distribution of the assets. Once the appropriate documentation and affidavits have been completed and filed with the court, the court will issue an order that allows the assets to be transferred without the need for probate court proceedings. This can be a convenient and cost-effective way to transfer an estate with assets valued at or below $100,000.