Laws concerning Illinois Wills are found in Chapter 755 of the Illionois Compiled Statutes. You can use LegacyWriter's online questionnaire to create a legal and valid Will that meet these criteria. Who Can Make a Will?An Illinois Will can be created by an adult who is of sound mind at the time of creating the document. Illinois Estate TaxesUpon your death federal and Illinois taxes can be collected. If your estate is large enough to meet the minimum filing standards ($1.5 million for deaths in 2005), the executor of your estate has 9 months to file United States Estate Tax Return (IRS Form 706) and pay any taxes that are due. Probate: Illinois courts and your Last WillProbate is a court-supervised process for gathering the deceased person's assets, paying taxes, claims and expenses and distributing assets to beneficiaries. A person's assets that are processed in probate include both items described in an Illinois Will and even assets that may not be explicitly listed in the Will. Related LegacyWriter InformationOther Illinois Will Links |