Businesses in Probate | How to Handle Businesses in an Illinois Estate

Probate is a court case during which the court oversees the management and distribution of a deceased individual’s estate.  Probate is required in Illinois when a deceased individual owned any real estate outside of a trust and without a deed indicating joint survivorship, or at least $100,000.00 in assets outside of a trust or outside of payable-on-death accounts.  For more, check out: When is Probate Required in Illinois?

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