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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
- 10. SCHEDULE YOUR FREE Consultation CALL US AT 248-613-0007 TODAY! We offer Phone and Web consultations, in addition to traditional in-office consultations. Let our staff know that you prefer to “meet” with one of our attorneys in the comfort of your own home via Phone or Web conference and we will get you scheduled based on your preference. • Free Consultations • No Need To Travel • Do Everything Remotely • No Hidden Fees • Streamlined Processes • Fast, Easy, Stress Free r och ester la wcen ter.com