Illinois Compiled Statutes 205 ILCS 620/1-5.12 – Fiduciary
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Terms Used In Illinois Compiled Statutes 205 ILCS 620/1-5.12
- Executor: A male person named in a will to carry out the decedent
- Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
- Trustee: A person or institution holding and administering property in trust.
“Fiduciary” means trustee, executor, administrator, receiver, guardian, assignee for the benefit of creditors, or any holder of a similar position of trust.