Legal Question in Wills and Trusts in Illinois
Executor investing money from estate
can an executor invest money from an estate?
Asked on 3/26/07, 11:20 am
2 Answers from Attorneys
Re: Executor investing money from estate
An executor has a duty to maintain the assets in the estate.
If the estate is going to be open for some time, conservative investments would be prudent.
Answered on 3/26/07, 11:54 am
Thomas Moens
Moens Law Offices, Chartered
Re: Executor investing money from estate
It depends on the powers granted to the executor in the will. Usually the power to invest is included.
Answered on 3/28/07, 9:15 am
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