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Trustee vs Executor | The Differences and Responsibilities Explained

In This Presentation We Help You Understand The Roles, Responsibilities, and Differences Between Trustee vs Executor When Settling An Estate.

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Trustee vs Executor | The Differences and Responsibilities Explained

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  1. Trustee vs Executor The Differences When Managing And Settling An Estate rochesterlawcenter.com

  2. Trustee vs Executor www.rochesterlawcenter.com 248-613-0007 543 N. Main St, Ste 222 Rochester, MI 48307 rochesterlawcenter.com

  3. Executor vs Trustee Explained 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? rochesterlawcenter.com

  4. What Is The Role Of A Trustee Or Executor? - Selected to manage and “settle an estate” after the owner dies- Settle outstanding debts - Distribute remaining assets to the deceased person’s heirs rochesterlawcenter.com

  5. Trustee Executor - Appointed in a Will- Must go through Probate What Are The Differences? - Appointed in a Trust- Probate not required rochesterlawcenter.com

  6. What Are The Responsibilities Of A Personal Representative? • 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 rochesterlawcenter.com

  7. What Are The Responsibilities Of A Trustee? • 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 rochesterlawcenter.com

  8. Who Should Be Trustee OrExecutor? • Honest and trustworthy • Responsible • Attention to detail • Good at handling money and financial transactions rochesterlawcenter.com

  9. Next Steps rochesterlawcenter.com

  10. SCHEDULE YOUR FREE Consultation CALL US AT 248-613-0007 TODAY! • Free Consultations • No Need To Travel • Do Everything Remotely • No Hidden Fees • Streamlined Processes • Fast, Easy, Stress Free 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.  rochesterlawcenter.com

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