Legal Question in Wills and Trusts in Illinois

My father passed away in 2012. As executor of his estate, I have distributed the major portion of funds to two siblings and me, as specified in the trust. I received a tax ID number for tax reporting purposes, and an accountant prepared the final tax return. (During my father's five-year stay in a nursing home, I kept careful records and had a tax service prepare his taxes each year.) A tax refund will soon be deposited in his non-interest bearing checking account. I would like to distribute the remainder of the funds and close the account. I feel confident that all the tax returns were correct, but what if there was an error? Would I be responsible for that?


Asked on 4/22/13, 10:38 pm

1 Answer from Attorneys

Executors are to wills as trustees are to trusts. This is too complicated for this kind of forum. Assuming an attorney prepared the will an/or trust it might be a good time to get him or her involved to help close things out.

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Answered on 4/23/13, 9:15 pm


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