11/04/2026
Wednesday Wisdom: Trustee vs. Executor
They sound similar, but they serve different roles in an estate plan.
• Executor: Named in a will to handle the estate after death, including gathering assets, paying debts and distributing property.
• Trustee: Manages assets held in a trust and follows the trust instructions for the benefit of the beneficiaries.
• Timing: An executor’s role usually begins after death. A trustee may serve during your lifetime and can continue for years afterward.
• Probate: Executors generally work through the probate process. Trustees usually manage trust assets outside of probate.
Choosing the right people for these roles is an important part of creating a plan that works when your family needs it most.
Goldfarb & Luu can help you understand the difference and decide who should serve. www.goldfarbluu.com