IL HB5670 | 2013-2014 | 98th General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 14 2014 - 25% progression, died in chamber
Action: 2014-03-04 - Tabled
Text: Latest bill text (Introduced) [HTML]

Summary

Amends the Probate Act of 1975. Requires a person executing a small estate affidavit to list and classify the debts of the decedent. Provides that all valid claims against the decedent's estate must be paid before any distribution is made to any heir or legatee. Provides that the decedent's estate should pay all claims in the order set forth in the listed classifications, and if the decedent's estate is insufficient to pay the claims in any one class, the claims in that class shall be paid pro rata. Requires the affiant to describe his or her relationship to the decedent or decedent's estate. Requires the affiant to agree to indemnify and hold harmless persons and entities who incur any loss because of reliance on the affidavit, up to the amount lost because of any act or omission by the affiant. Requires the affiant to state that any person, corporation, or financial institution recovering under the new provisions shall be entitled to reasonable attorney's fees and the expenses of recovery. Provides that the small estate affidavit shall be notarized. Provides that parties that act in good faith reliance on a copy of a document purporting to be a small estate affidavit shall be fully protected and released upon fulfillment of requirements under such a document to the same extent as if the party had been complying with requests of the representative of the estate. Provides that distributions pursuant to an affidavit may be made to the affiant notwithstanding the disclosure of known unpaid debts. Provides that the affiant (instead of other specified persons) may in writing appoint one or more persons, or himself or herself, to access the safe deposit box of a decedent. Adds applicability language. Makes corresponding changes. Amends the Safety Deposit Box Opening Act. Provides that the lessor of a safety deposit box shall not open the box in accordance with the Act if the lessor has received a copy of a small estate affidavit. Provides that the lessor shall authorize a representative of a decedent's estate or a person designated in a small estate affidavit, upon presentation of letters of office, other applicable court order, or small estate affidavit, to open the box and examine and remove the contents.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

PROBATE-SMALL ESTATE AFFIDAVIT

Sponsors


History

DateChamberAction
2014-03-04HouseTabled
2014-03-04HouseMotion Prevailed
2014-02-27HouseMotion Filed - Table Bill/Resolution Pursuant to Rule 60(b), Rep. Michael J. Zalewski
2014-02-27HouseChief Sponsor Changed to Rep. Michael J. Zalewski
2014-02-14HouseReferred to Rules Committee
2014-02-14HouseFirst Reading
2014-02-14HouseFiled with the Clerk by Rep. Linda Chapa LaVia

Code Citations

ChapterArticleSectionCitation TypeStatute Text
755151Amended CodeCitation Text
755525-1Amended CodeCitation Text

Illinois State Sources


Bill Comments

feedback