Q: What is the difference between a trustee and an executor?
A: A trustee is the person who manages a trust. An executor is the person who carries out the instructions for a will and takes care of the estate of the person who died. A trustee will often have many of the same duties as an executor. If you are creating a living trust, it is sound advice to make sure that the executor and trustee are the same person.
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A: Generally, trustee manages the trust property while the settlor is alive. The trustee's job is finished (most the time trustee is the person who makes the trustt hen who dies)once the settler (trustor) dies and the executor's job starts.
A: Generally, trustee manages the trust property while the settlor is alive. The trustee's job is finished (most the time trustee is the person who makes the trust hen who dies)once the settler (trustor) dies and the executor's job starts.
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