Illinois Compiled Statutes 755 ILCS 5/18-4 – Claims not due.) A claim against a decedent’s estate that is not due …
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Terms Used In Illinois Compiled Statutes 755 ILCS 5/18-4
- Decedent: A deceased person.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Claims not due.) A claim against a decedent‘s estate that is not due may be filed and allowed and paid out of the estate as other claims but interest which has been included as a part of the principal obligation, computed from the time of the allowance of the claim to the time when it would have become due, shall be deducted.