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Archive for July, 2015

Who should you choose to be your will’s executor?

Written by Charles Newland

Pen laying on top of a Will for estate planning

Pen laying on top of a Will for estate planning

Many people view naming someone as the executor of a will as an honor. However, in Illinois, executors typically face challenging fiduciary duties, including inventorying assets, paying estate debts and overseeing asset distribution. If these duties are improperly handled, the estate may lose value or the executor may incur personal liability. Consequently, as a lawyer might note, it is essential for people in Lake County to choose the right executor during estate planning. Read More

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