Trustee vs Executor | The Differences and Responsibilities Explained
- 1. Trustee vs Executor r och ester la wcen ter.com The Differences When Managing And Settling An Estate
- 2. Trustee vs Executor www.rochesterlawcenter.com 248-613-0007 543 N. Main St, Ste 222 Rochester, MI 48307 r och ester la wcen ter.com
- 3. Executor vs Trustee Explained r och ester la wcen ter.com What is the role of a Trustee or Executor? What is the difference between Executors and Trustees? What are the responsibilities of an Executor? What are the responsibilities of a Trustee? Who should be a Trustee or Executor?
- 4. What Is The Role Of A Trustee Or Executor? r och ester la wcen ter.com - Selected to manage and “settle an estate” after the owner dies - Settle outstanding debts - Distribute remaining assets to the deceased person’s heirs
- 5. What Are The Differences? r och ester la wcen ter.com Trustee - Appointed in a Trust - Probate not required Executor - Appointed in a Will - Must go through Probate
- 6. What Are The Responsibilities Of A Personal Representative? r och ester la wcen ter.com - Settle your estate through Probate - Settle debts with creditors - Fight objections from omitted heirs - Manage the transfer of your property - Distribute your assets to your heirs
- 7. What Are The Responsibilities Of A Trustee? r och ester la wcen ter.com - Execute the Living Trust according to its instructions - Manage the Trust and its assets after you die - Manage an investments - File any taxes - Distribute your assets to your heirs according to your wishes
- 8. Who Should Be Trustee Or Executor? r och ester la wcen ter.com - Honest and trustworthy - Responsible - Attention to detail - Good at handling money and financial transactions
- 9. Next Steps r och ester la wcen ter.com
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