Executor and Trustee Responsibilities

Generally, creditor notification is four months after the probate court issues letters of administration or thirty days after learning about the creditor. The executor must notify creditors within a specified period.

A well-designed trust holds your most significant assets, protects them, and eventually transfers them to your loved ones. There are numerous types of trusts to fit various situations. You create the trust and fund it.

You may opt to act as the trustee during your lifetime. Or you can choose a third party, or trustee, to manage and administer your funds before and after death.

Learn about the duties and responsibilities of a trustee and what needs to be done at the grantor's incapacity and death.

There are several options for who can be named as your successor trustee. Knowing the responsibilities of a successor trustee can help you make the best decision.

Understand corporate trustees and learn seven reasons why you should have a professional help you build, manage, and protect your wealth.

A properly prepared and funded living trust has many benefits, including avoiding court interference at death and incapacity. Here are five of the most common mistakes.

Because your successor trustee should be someone you know and trust, many people name one or more of their adult children in this position.

Estate administration is the process that occurs after a person dies. It includes collecting probate assets, paying creditors, then distributing the remaining assets to beneficiaries.