The Illinois Order Of Discharge-Independent administration is a type of court-supervised probate in which the executor or administrator of an estate is not required to answer to the court or obtain its permission in order to distribute assets of the estate. This type of administration is available in the state of Illinois for those estates with a gross value of less than $100,000 and no real estate. It is the simplest and least expensive way to administer an estate as it requires no court hearings or involvement from a lawyer. There are two types of Illinois Order Of Discharge-Independent administration: Formal Administration and Small Estate Administration. Formal Administration is required for at least some estates, and involves filing a petition with the court to open the estate, providing notice to heirs and creditors, and accounting for the administration of the estate. Small Estate Administration is available for those estates with a gross value of less than $100,000 and no real estate. This type of administration requires less paperwork and fewer court proceedings.
Illinois Order Of Discharge-Independent administration
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How to fill out Illinois Order Of Discharge-Independent Administration?
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