Estate planning is a time-consuming process for many people in Illinois who carefully analyze several areas of their life to identify where clarifications need to be made that will allow their surviving family members to know how to distribute their estate. Decisions regarding health care and financial proxies, guardianship of minors, distribution of assets and even allotment of their sentimental possessions to heirs, are all a part of creating a well-rounded estate plan.
One of the easiest ways to avoid probate in Illinois is to not leave behind anything that needs to go through that process. Essentially, this means having all your assets set up to automatically transfer to another person upon your death. Many people use trusts or have joint ownership of an asset. If you have a spouse, assets typically go directly to him or her when you die. However, you may have other situations with assets where these things cannot apply. In those cases, you may consider a payable on death account.