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Terms Used In Illinois Compiled Statutes 755 ILCS 5/21-1

  • Decedent: A deceased person.
  • Executor: A male person named in a will to carry out the decedent
     Investments – decedent‘s estate.) In addition to any investments which a decedent may authorize his executor to make by the terms of his will, the representative of his estate, in his discretion, may invest money of the estate of a decedent in any one or more of the investments specified in Sections 21-1.01 through 21-1.07.