An executor in Illinois handles your estate according to the instructions in your will. If there is no will, the probate court will appoint an administrator to pay the outstanding debts and transfer the remaining assets to your legal heirs.n 2011, in the important case of In Re: Estate of Weeks, the Illinois Appeals Court ruled that the state has no legal authority for an executor charging a percentage fee. Executors must submit the amount of their requested fees to the probate court for approval.
dividend-Investment & Finance Definition. A distribution, typically quarterly, of a corporationâs earnings to its shareholders. Dividends can be paid in cash or stock. Sometimes, if a company has had a particularly good year, a special year-end dividend may be paid. If a company failed to make a profit, likely no dividend is paid.
What is a dividend? A dividend is a portion of a companyâs profits that is distributed to shareholders as a way to compensate them for their investment. The most common type of dividend is a cash dividend, in which shareholders receive a lump sum for every share they hold in the company. Companies (especially growing ones) seeking to reduce their share prices may opt to distribute stock dividends instead of a cash dividend.