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Carpentersville estate planning wills attorneyIt is important to make a last will and testament when you are planning your estate. A will ensures that your family members will be the legal owners of any property or assets you wish to pass on to them. It also explains any other wishes you might have for what should happen after your death. Personal items, real estate, and vehicles are the most common assets to include in a will. However, wills may also include provisioning for guardianship of children, investments, or business assets. 

Preparing your will is a necessary part of planning for what happens after you die, but not everyone has a chance to make those choices. If a person passes away unexpectedly and has not made a will, the government will need to get involved. 

Intestate Wills

If a person dies without creating and executing a last will and testament, their estate will pass to their family members through a process called “intestate succession.” The state will handle the provisioning of the deceased’s estate to their spouse or heirs. Before the intestate succession process can proceed, the estate will be used to pay for any debts the deceased acquired during their life. The process for intestate succession in Illinois is laid out below: 

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