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.
Home > Investing > How To Invest > Financial Glossary > S > Stock dividend. Payment of a corporate dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company, or it may be shares in a subsidiary being spun off to shareholders. Stock dividends are often used to conserve cash needed to operate the business. Unlike a cash dividend, stock dividends are not taxed until sold.