What is the difference between a trustee and a personal representative?
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What is the difference between a trustee and a personal representative?
Asked on October 14, 2013 under Estate Planning, Montana
Answers:
Nathan Wagner / Law Office of Nathan Wagner
Answered 11 years ago | Contributor
A trustee manages a trust. A personal representative (sometimes also called an executor or an administrator) manages the estate of a deceased person. Both trusts and estates have beneficiaries, so both trustees and personal representatives are responsibile for managing assets for the beneficiaries' benefit.
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