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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(755 ILCS 5/24-3) (from Ch. 110 1/2, par. 24-3)
Sec. 24-3.
Order of distribution, abatement and contribution on settlement
of estate.) (a) The court may enforce the settlement of estates. On every settlement
the court may order the representative of a decedent's estate to pay the
claims against the estate, as provided in Section 18-13. If it appears
that there are sufficient assets to pay all claims against the
estate the court may order the representative to distribute the estate
to the persons entitled thereto.
(b) Unless otherwise provided by the will, if the estate of a
testator is insufficient to pay all legacies under his will,
specific legacies shall be satisfied pro rata before
general legacies, and general legacies shall be satisfied pro rata, without
any priority in either case as between real and personal estate.
(c) If real or personal estate which has been specifically bequeathed
is sold by the representative, the other legatees shall contribute to the legatee
whose legacy has been sold, so as to accomplish abatement and equalization
as provided in this Section. The court shall determine the amount of the
respective contributions, the manner in which they shall be paid, and whether with
or without security.
(d) On final distribution of an estate, payments made from
principal or income shall be accounted for as provided in Sections 5 and
6 of the
Principal and Income Act.
(Source: P.A. 84-395.)
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