What is the difference between executor and administrator?
An executor and an administrator are both types of people who have the legal authority to carry out the wishes of a deceased individual. The main difference between them is who appoints them. An executor is appointed by the deceased individual in a will or trust. This executor is responsible for carrying out the instructions in the will as directed by the deceased. An administrator, on the other hand, is appointed by a court in the state of Illinois. The court will appoint an administrator if the deceased did not have a will, or the will did not contain instructions to appoint an executor. The administrator is responsible for managing the assets of the deceased individual, such as paying debts, filing taxes, and distributing property to the beneficiaries. In either case, the executor or administrator must follow all the laws and regulations of the state of Illinois regarding probate law.
Related FAQs
Is probate required if the decedent owned joint property?What happens if the executor breaches their duty?
What is a spendthrift trust?
What are probate fees?
What is an estate inventory?
How long does probate take?
What is an administrator?
What are the requirements to be an executor?
Are there any exceptions to probate?
Who is entitled to receive a share of the estate?
Related Blog Posts
What You Should Know About Probate Law - July 31, 2023Probate Law: A Comprehensive Guide - August 7, 2023
Common Issues in Probate Litigation - August 14, 2023
The Benefits of Hiring a Probate Lawyer - August 21, 2023
What is Intestate Succession? - August 28, 2023