What happens now ifmy sister died without a Willand she was the sole owner of a food and liquor store?
Get Legal Help Today
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
What happens now ifmy sister died without a Willand she was the sole owner of a food and liquor store?
Asked on December 28, 2011 under Estate Planning, Illinois
Answers:
M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
I am so sorry for your loss. You have not given much information about your sister and her life hre which is needed to help guide you. Did she own the building the store was in or did she rent? Did she own the business and sign the lease as an individual or did she form a corporation to establish the business with her being the person in charge of the corporation. Her estate - and if there was a corporation in which she has an interest it is part of her estate - has to be probated. If she had a Will when she passed away then her estate would go to those in her Will. If she died without a Will then her estate passes under the intestacy statutes in Illinois. Was there a spouse or children? They take primarily under the statute. If not then her estate would pass to her parents and siblings. You really need to consult with an attorney in the area, especially if there is a business involved and bills to pay. Good luck.
IMPORTANT NOTICE: The Answer(s) provided above are for general information only. The attorney providing the answer was not serving as the attorney for the person submitting the question or in any attorney-client relationship with such person. Laws may vary from state to state, and sometimes change. Tiny variations in the facts, or a fact not set forth in a question, often can change a legal outcome or an attorney's conclusion. Although AttorneyPages.com has verified the attorney was admitted to practice law in at least one jurisdiction, he or she may not be authorized to practice law in the jurisdiction referred to in the question, nor is he or she necessarily experienced in the area of the law involved. Unlike the information in the Answer(s) above, upon which you should NOT rely, for personal advice you can rely upon we suggest you retain an attorney to represent you.