???????????????? ????. ??????????????: ?????????????????????????? ?????????? ?????????? ???? ???????????? ????????????????
By Anish Patel, Managing Partner
?
One of the most common questions I hear from clients is:
“????????’?? ?????? ???????????????????? ?????????????? ???? ???????????????? ?????? ?? ???????????????”
It’s a great question because both roles involve handling assets after someone passes away—but they serve distinct purposes.
?
???????????????????– Think of the executor as the administrator of your will. When you pass away, your executor is responsible for carrying out your wishes as outlined in your will. Their duties may include:
???Filing the will with the probate court
???Notifying beneficiaries and creditors
???Paying debts, taxes, and expenses
???Distributing assets according to the will
?
Once these tasks are complete, the executor’s job is done.
?
?????????????????– A trustee, on the other hand, manages assets held in a trust—which can exist both during your lifetime and after you pass away. Their responsibilities often include:
???Managing and investing trust assets
???Distributing funds according to the trust terms
???Handling ongoing financial matters for beneficiaries
?
Unlike an executor, a trustee’s role can last for years, even decades, depending on the type of trust.
?
So, which one do you need? In many cases, both. A well-crafted estate plan often includes a will (which requires an executor) and a trust (which needs a trustee). Choosing the right people for these roles is crucial to ensuring your wishes are honored and your loved ones are cared for.
?
If you have questions about ???????????? ????????????????, please contact Anish Patel.
Let’s make sure your plan is structured the right way for you and your family.
?
#EstatePlanning #ExecutorVsTrustee #WillsAndTrusts #LegacyPlanning
