When an individual is named as the executor of a deceased person's estate, he or she is responsible for winding down the decedent's affairs. This includes protecting the assets of the estate, notifying creditors and beneficiaries, settling debts and paying the taxes owed by the estate, and distributing property to the beneficiaries. For those who have never executed a will before, the position can be challenging and a full understanding of the duties and liabilities of an executor is vital. If … [Read more...]
Do You Have an LLC or Corporation in Illinois? You May Not Be Protected
Forming an LLC or a corporation protects members, investors, and their personal and family assets from liability for claims of… READ MORE
