What is the difference between an executor and a trustee?

An executor and a trustee are both important roles in estate planning law in Florida. An executor is a person appointed through a will to make sure the wishes of a deceased person are carried out. The executor is aware of the wishes of the deceased, and is responsible for distributing assets and settling debt. A trustee, on the other hand, is an individual or institution appointed to manage the finances of the deceased. They have the legal authority to manage the assets of the deceased, and carry out specific instructions from the will. Trustees have more authority than executors in how assets are managed, and are generally more experienced in financial matters. The difference between the two roles is that an executor is responsible for carrying out the wishes of the deceased, while a trustee is in charge of managing the finances of the estate. The executor ensures the wishes of the deceased are respected, and the trustee is more involved in managing the financial aspects of the estate.

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What is the difference between an executor and a trustee?

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