Understanding Wills (IL) | Practical Law

Understanding Wills (IL) | Practical Law

A Practice Note explaining how wills fit into estate planning in Illinois and discussing key will-drafting considerations. This Note addresses the difference between probate and non-probate assets, when wills are appropriate as the primary vehicle for transfers at death, and the requirements for a valid will, as well as key will provisions like appointing an executor, making gifts, and waiving bond.

Understanding Wills (IL)

Practical Law Practice Note w-000-1600 (Approx. 54 pages)

Understanding Wills (IL)

by Practical Law Trusts & Estates
MaintainedIllinois
A Practice Note explaining how wills fit into estate planning in Illinois and discussing key will-drafting considerations. This Note addresses the difference between probate and non-probate assets, when wills are appropriate as the primary vehicle for transfers at death, and the requirements for a valid will, as well as key will provisions like appointing an executor, making gifts, and waiving bond.