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Wills, Trusts and Estate Planning : Includes Living Trusts, Estate and Gift Tax Planning, etc.
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  #1  
Old 08-05-2008, 08:38 PM
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Join Date: Aug 2008
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executor vs trustee of estate


What 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?
  #2  
Old 08-06-2008, 12:05 AM
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Location: oregon
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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.
  #3  
Old 08-06-2008, 06:11 AM
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Quote:
His will set up an estate...
The use of the term "estate" is ambiguous. Do you mean that his will directed that a trust be created and/or funded?

Execuotrs administer a probate estate under the supervision of the probate court. And, as curb1 said, trustee(s) administer a trust.
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