Trusts 101 For Investment Advisors What Is a Trust and How Do Trusts Work? Sterling Trustees
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What is a trustee in a will? This is a question that many people have. So in this blog post, I will discuss what a trustee in a will is, what their responsibilities are, and what you need to know if you are named as one. Keep reading to find out more!. A trustee is a person or firm that holds or administers property or assets for the benefit of a third party. Learn about designating a trustee and their duties.
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Both executors and trustees have legal obligations, but they have different duties in the process of distributing the assets of an estate. An executor is responsible for settling a will, while a trustee is responsible for managing and distributing assets in a trust. If you have been named as either an executor or trustee, it's important to consult with an experienced attorney.. The trustee has broad responsibilities in managing the affairs of a trust, and thus plays an important role in your estate plan. Here's what they do.
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