What is the difference between an executor and a trustee?

An executor and a trustee are two different roles related to probate law in South Carolina. Both are responsible for managing a deceased person’s estate after death. However, their roles and responsibilities are different. The executor is responsible for managing the assets of the estate and ensuring that all debts and taxes are paid. The executor also makes sure that the probate process proceeds in accordance with state law. In South Carolina, the executor must be appointed by the court before they can begin carrying out their duties. A trustee, on the other hand, is responsible for managing any trust funds set up by the deceased. A trust is a legal document that allows assets to be managed and distributed according to the wishes of the deceased. The trustee is responsible for ensuring that the assets are managed according to the trust and that the beneficiaries receive their designated assets. In South Carolina, a trustee can be appointed by the court or by the deceased in their will. Both an executor and a trustee are responsible for managing a deceased person’s estate, but their roles are distinct. The executor is responsible for dealing with the assets of the estate, while the trustee is responsible for managing trust funds.

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