Legal Question in Wills and Trusts in Illinois
Trustee versus Executor
What is the difference between a trustee and an executor when it comes to wills, probate and property if someone should die?
Asked on 8/29/07, 5:05 pm
1 Answer from Attorneys
Jeffrey R. Gottlieb
Law Offices of Jeffrey R. Gottlieb, LLC
Re: Trustee versus Executor
Executor is the term used for the person(s) named to administer the operations of property passing under a decedent's Will (only property titled in decedent's sole name)
Trustee is person named to administer the property held in a trust created by somebody, either in their Will (called a testamentary trust) or in a living trust (created during life).
In other words, executor runs the estate, if any, and trustee runs the trust, if any.
Hope that helps.
Answered on 8/29/07, 5:12 pm
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