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STATE OF ILLINOIS(See 755 ILCS 5/251)COUNTY OF SMALL ESTATE AFFIDAVIT to be used only when decedent died on or after January 1, 2015 I, , on oath state: (Name of Affiant) 1. (a) My post office address.

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How to fill out the Illinois Estate online

Filling out the Illinois Estate form can seem daunting, but with clear instructions, it becomes manageable. This guide provides a step-by-step approach to ensure you complete the form accurately and efficiently.

Follow the steps to effectively complete the Illinois Estate form online.

  1. Press the ‘Get Form’ button to obtain the Illinois Estate form and open it for editing.
  2. Begin filling out Section 1 with your information. Enter your name as the affiant, and provide your post office address and residence address. If you are an out-of-state resident, include your agent for service of process in Illinois.
  3. In Section 2, write the decedent’s name and date of death. Ensure you attach a copy of the death certificate if not already submitted.
  4. Section 4 requires you to enter the place of residence of the decedent immediately before death.
  5. Confirm in Section 5 that no Letters of Office are outstanding on the decedent’s estate and note if any petitions are pending.
  6. In Section 6, state that the gross value of the decedent’s personal estate does not exceed $100,000. List each asset along with its fair market value.
  7. In Section 7, indicate whether all funeral expenses and debts have been paid or list the known unpaid debts, categorizing them as needed.
  8. Complete Section 9 by listing the names and residences of the surviving spouse and any minor or adult dependent children.
  9. Decide whether to mark Section 10a (no will) or 10b (a will exists), providing the relevant details for heirs or legatees.
  10. In Section 11, specify how the remaining property should be distributed after all debts are paid. Include specific sums or properties.
  11. After completing all sections, sign the affidavit, providing your daytime telephone number and the date. Have a notary public sign and date the affidavit as well.
  12. Lastly, you may save changes, download, print, or share your completed form.

Start filling out your Illinois Estate documentation online today to ensure a smooth and compliant process.

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Generally, there will be an estate tax exemption, where estates under a certain set amount will not be subject to a tax. As of 2021, at the federal level the exemption is set at 11.7 million dollars. Any value beyond that number is taxed at a rate of 40 percent. In Illinois, the exemption level is 4 million dollars.

An executor for a nonresident, not a citizen of the U.S. must file an estate tax return, Form 706-NA, United States Estate (and Generation-Skipping) Tax Return, Estate of a nonresident not a citizen of the United StatesPDF, if the fair market value at death of the decedent's U.S.-situated assets exceeds $60,000.

Yes. However, inheritance/estate tax is not administered by the Illinois Department of Revenue. Questions regarding inheritance tax should be directed to the Office of the Attorney General at 217 524-5095, or you may visit their web site at http://.ag.state.il.us/.

What Is Included in an Illinois Estate? Remember, the estate tax only applies to estates worth over $4 million. This also applies to non-residents who own physical or real property in Illinois valued over $4 million. An estate would be taxed at 28.5%, while estates valued over $11.18 million are taxed at 40%.

What is Included in An Estate? Bank accounts. Life insurance policies. Investments such as stocks, bonds, CDs. Retirement accounts. Real estate. Interests in family-owned businesses. Interests in other businesses. Personal property (vehicles, antiques, jewelry, art)

Illinois Estate Tax Exemption The estate tax threshold for Illinois is $4 million. This means that if you die and your total estate is worth less than $4 million, the estate won't owe anything to the state of Illinois.

If you're a resident of Illinois and leave behind more than $4 million (for deaths occurring in 2022), your estate might have to pay Illinois estate tax. The Illinois tax is different from the federal estate tax, which is imposed on estates worth more than $12.92 million (for deaths in 2023).

Does Illinois have an inheritance / estate tax? Yes. However, inheritance/estate tax is not administered by the Illinois Department of Revenue. Questions regarding inheritance tax should be directed to the Office of the Attorney General at 217 524-5095, or you may visit their web site at http://.ag.state.il.us/.

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