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Tag Archive for Estate Trustees

The Top 4 Errors That Can Trip Up Estate Executors And Trustees

Mitchell Miller

Before we discuss these errors, though, let’s just review what an “executor” is:

An executor is the person appointed in a will to administer an estate, usually under some degree of court supervision.

A trustee is the person or persons designated in a trust to administer the trust, normally after the person or persons who set up the trust (called the “Grantor,” “Settlor,” or “Trustor”) have died or become incapacitated. This is usually done without any type of court supervision.

Notwithstanding the difference, an executor or a trustee will frequently be dealing with the same issues.

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