What are the Crucial Differences in Wills and Estate Plans?
A will is a critical document that everyone should have regardless of age, status, or wealth. It is a legal document stipulating the distribution of your assets after your death, guardians for minors, and can specify final arrangements such as burial, funeral, and more.
The Main Differences Between a Trustee and an Executor
A trustee is a person named in the trust tasked with distributing assets to the beneficiaries per the terms of the trust. They are responsible for things like maintaining records of the trust, managing bank accounts for the trust, paying bills necessary, and distributing assets as laid out in terms of the trust. They are also involved in making decisions about the long-term management of property and investments.
