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Executors and Trustees

Usually a person is appointed both as an executor and a trustee although these roles have important differences. The executor's role ends after all the assets of the estate have been collected, all the debts have been paid and the balance is distributed to the beneficiaries. Where the terms of the will create continuing duties, such as the support and maintenance of young children or the administration of money for someone's benefit, this role is performed by the trustee.

Executors and Trustees  :  Last Revised: Tue Dec 31st 2024
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