I can answer my own question now that I have spoken with a lawyer in Illinois. The answer is yes, I can be the executor of my parent's estate, even though I live out-of-state. Thanks for this forum.
There is no upper limit in Illinois. A complex estate can take decades to resolve.
The executor now controlling the estate has to do the transfer but if they had an executor, there is probably also a will, attorney, and a beneficiary (ies)
In the state of Illinois, if a person whose parents are deceased has been named executor of their estate, yes, all of their financial information will be given to the living executor upon request.
Yes an executor can be changed. The court has to approve the change and re-issue the letters of authority.
Certainly.
The court will not usually appoint someone to be an executor if they are incarcerated. The court can appoint anyone as the executor and will often appoint a bank or lawyer to take care of the estate.
They can't claim to be the executor, they have to be appointed by the court, otherwise they have no legal standing to do anything with the estate. And you have the right to object to their being appointed executor.
There is no executor of probate. The executor of the estate executes the will and probates the estate.
Whomever the probate court appoints.
What is the executor of the estate for the titanic?
No....i was an executor in Illinois and it took over 4 years to settle the estate. If the lawyer has other matters to attend to and you dont push for an end you can go for quite awhile. Most good lawyers will have the estate tied up within 6 months.
The executor has a responsibility to preserve the estate. They can remove items for appraisal and sale, but the assets still remain a part of the estate until properly distributed.