A personal property memorandum is designed to cover who should receive items owned that don't have an official title record. To complete a small estate affidavit (in Illinois) you must list all the personal property of the decedent.But that could literally take months. A comprehensive list of all the decedent's property both personal (such as automobiles and bank accounts) and real (like the house and land). Assess and Divide Your Property; State Your Funeral Wishes (If You Have Any); Sign and Notarize the Document. Learn what a personal property memorandum is and how you can use one with your will to give away personal items. Gather Documentation: Collect death certificates, asset records, and any wills or trusts if available. The Personal Property Lease Transaction Tax applies to businesses or individuals that either are a lessor or lessee of personal property used in Chicago. When your draft is complete, remember to sign and date the document. Com, or fax to (123) 456-7890.