Executor, Guardian or Trustee
What’s the difference between an Executor, Guardian or Trustee?
Many people can be confused by these different roles and their responsibilities. An Executor (also known as Executrix and Estate Trustee) fulfills the directions of a Will by taking control of the assets of the estate. A Guardian takes responsibility for any minor or disabled child and makes living arrangements for them. A Trustee manages any funds set aside in a Trust fund. All three roles can involve a significant investment of time and the willingness to take on added responsibility – there should be considerable thought spent on these roles prior to assigning them. Talk to a BlueRock Wealth advisor to evaluate your estate planning needs today.