There have been several people that have asked about what happens when your mother or father passes away and there is no will? Probate court is required when one passes away without a will and they own real estate. In today's economy, the real estate often times has a mortgage on the property and sometimes the mortgage is greater than the property value.
For many families, the question is whether it is cost-effective and worth it to pay the attorney's fees and costs for the probating of the real estate property. Generally, attorney's fees and costs range from $1,500 to $3,000 for a simple probate matter in Circuit Court of Cook County, Illinois.
Probate court is a court that hears matters of inheritance issues such as who should inherit a piece of property or the decedent's assets upon their death. In conclusion, probate court is required and often times, a family member or loved one must have an attorney to assist with the passing of a deceased relative.
Sean Robertson is an estates and trusts attorney with his office in downtown Chicago and Naperville, Illinois. Sean Robertson can be reached at either (312) 498-6080 or (630) 364-2318.
No comments:
Post a Comment