Are Executors and Trustees the Same Thing?

An executor manages a deceased person's estate to distribute his or her assets according to the will. A trustee, on the other hand, is responsible for administering a trust.

What is the difference between trustees and executors?

An Executor is a person chosen by someone writing a Will to be in charge of making sure their wishes are followed after they die. A Trustee is someone who is chosen to manage a Trust (and its assets) which it's best to set up when making a Will.

Who has more power executor or Trustee?

If you have a trust and funded it with most of your assets during your lifetime, your successor Trustee will have comparatively more power than your Executor. “Attorney-in-Fact,” “Executor” and “Trustee” are designations for distinct roles in the estate planning process, each with specific powers and limitations.