Tag: wills and trusts
What Does an Estate Executor Do?
Posted on November 10, 2024
Following a person’s death, all their assets and property become part of an estate. An estate executor is the person who administers the estate. The executor’s specific role will vary depending on the estate and on whether or not the person who died, called the decedent, left a will. Generally, the role includes the distribution of assets, payment of debts and taxes, and other important tasks related to settling an estate. There are certain requirements for who may be an executor, but most executors are usually family members. An attorney […]
Top Illinois Estate Planning Questions Answered
Posted on June 22, 2021
Did you know that only 40 percent of Americans have a will? Even fewer have a comprehensive estate plan. A surprisingly large percentage of adults simply avoid estate planning or put it off until it is too late. Estate planning is important for anyone, but it absolutely crucial for those with high-value or complex estates. Read on to learn answers to some of the most common estate planning questions. At What Age Should I Start Building an Estate Plan? Many people wonder, “Am I old enough to write a will, […]