Illinois Compiled Statutes 755 ILCS 5/4-15 – Debtor as executor.) The appointment of the debtor of the testator as …
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 755 ILCS 5/4-15
- Executor: A male person named in a will to carry out the decedent
- Testator: A male person who leaves a will at death.
Debtor as executor.) The appointment of the debtor of the testator as executor of his will does not extinguish any debt due from the executor to the testator, unless the testator in the will expressly declares his intention to extinguish the debt and unless the estate of the testator without collection of the debt due from the executor is sufficient to discharge all claims against the testator’s estate.