Q: what is the difference between the beneficiaries and the trustees when completing a will document?
A:
The beneficiaries are those who benefit from current or future distributions from the Trust.
The Trustee is the one charged by the Trust documents with managing the assets, seeing to all administrative obligations (tax returns, etc.), and making distributions, all in accordance with the Trust provisions.
Yeah, it's that simple. lol
If you're creating a testamentary trust, to take effect at death, same applies.
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