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#1
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executor vs trustee of estateWhat is the name of your state (only U.S. law)? va My father in law passed away last year. His will set up an estate and named 2 of my brother in laws as co-executors. It also named my mother in law and myself as co-trustees. What are my responsibilities/authorities as co-trustee when there are executors? |
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#2
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| "What are my responsibilities/authorities as co-trustee when there are executors?" To protect and distribute the assets that are within the trust. Ideally, most/all of the assets are titled in the name of the trust. |
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#3
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| Quote:
Execuotrs administer a probate estate under the supervision of the probate court. And, as curb1 said, trustee(s) administer a trust.
__________________ Arthur Carlson: Well, first thing we do is call an attorney. Andy Travis: You always say that. Arthur Carlson: Yeah, but this time it's appropriate. |
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