You're Not Kickin' the Bucket Just Yet (But It's Best to Be Prepared Anyway): How to Make a Will in Illinois
Let's face it, folks, none of us are getting out of here alive. But that doesn't mean we have to shuffle off this mortal coil without a little planning, right? Especially when it comes to your stuff. You wouldn't want your favorite nephew to be stuck with your porcelain cat collection and your niece to inherit your slightly-used sock collection (unless they're really into that kind of thing).
This is where a will comes in, my friend. Think of it as your chance to be the posthumous gift-giving superhero you've always dreamed of being. Except with less tights and more, well, being dead.
Now, Illinois, being the sensible state it is, has some rules about how this whole will thing works. Don't worry, it's not rocket surgery (though if you are a rocket surgeon and you're reading this, kudos to you, but maybe focus on the living for now).
Tip: Summarize the post in one sentence.
How To Make A Will In Illinois |
Assemble Your Will-Power Squad (a.k.a. Deciding Who Gets What)
First things first, you gotta figure out what fabulous treasures you're going to bequeath to the wonderful people in your life.
- Who you gonna call? Make a list of your beneficiaries, the lucky ducks who will inherit your stuff. Spouse? Kids? That neighbor who always brings over cookies? It's all up to you.
- Divvying Up the Spoils: This is where you get to play favorites (or not). Be specific about what goes to whom. Don't leave things open to interpretation, unless you enjoy the idea of your loved ones wrestling over your slightly-used sock collection (which, again, is a very specific niche).
Finding Your Will-y Wonka (a.k.a. Choosing an Executor)
An executor is basically your posthumous butler. This trusty person will handle all the fun stuff of settling your estate, like paying off any debts and making sure your favorite niece gets your, ahem, extensive sock collection. Choose wisely, Grasshopper.
Tip: Check back if you skimmed too fast.
- The Responsible One: Pick someone reliable and organized. This isn't a job for your flaky friend who "borrows" things and "forgets" to give them back.
- The Trusty Lieutenant: Ideally, this should be someone who lives in Illinois, since they'll be dealing with the state's probate courts.
Witness Protection Program (a.k.a. Getting Your Will Signed)
So you've got your list of beneficiaries and your executor lined up. Now it's time to make it official.
- The Big Signing: You'll need to sign your will in front of two witnesses. They can't be beneficiaries in your will (or married to/related to a beneficiary), otherwise things get messy.
- Friend-Zone Finesse: Ask two friends or family members to be your witnesses. Just be sure they're not planning a weekend getaway to Tahiti the day you need them.
Pro-Tip: While Illinois recognizes holographic wills (fancy lawyer talk for handwritten wills), it's generally safer to have a typed will to avoid any confusion down the line.
QuickTip: Don’t ignore the small print.
Don't Let It Gather Dust Under the Bed (a.k.a. Storing Your Will)
Once your masterpiece of bequeathing is complete, don't just shove it under your mattress.
- Safe Haven: Store your will in a safe deposit box or with a trusted friend or relative. Just make sure your executor knows where to find it.
- Update Regularly: Life throws curveballs, so review and update your will every few years, especially if you have any major life changes (marriage, kids, a sudden and intense love for porcelain cats).
FAQ: You've Got Questions, We've Got Answers (Quick and Dirty)
How to make a will in Illinois if I don't have a lot of money?
Tip: Read the whole thing before forming an opinion.
There are online legal services that can help you create a basic will for a fee. However, for a more complex situation, consider consulting with an estate planning attorney.
How to make a will in Illinois if I don't have any close relatives?
You can still make a will! You can choose any beneficiary you'd like, such as a friend, charity, or even your favorite cat cafe.
How to make a will in Illinois if I'm not sure what I own?
Take some time to inventory your belongings, including bank accounts, property, and valuables.