An Executor of wills manages all estate settlement matters, including probating the will, managing assets, valuating and distributing assets to the beneficiaries, administering court services, preparing estate, inheritance, and income tax returns, and more.
The Trustee identifies and protects the Trust’s assets. They incorporate responsible and sound investing principles to preserve the Trust’s assets—professionally managing the assets long term or distributing them right away pursuant to the terms of the Trust. Full transparent accounting to the Beneficiaries of the Trust is an ongoing requirement.
Administrator of the Estate
An Administrator of the Estate is the person appointed by the Probate Court to manage and administer the estate of a decedent when certain conditions exist.
Conservator of the Person
The Conservator of the Person is an individual appointed by the Court and given the legal right to make decisions about everyday life matters.
Conservator of the Estate
A Conservator of the Estate is a person who is appointed by the probate Court and given the legal right to make day-to-day financial decisions for a living person who is unable to care for themselves. The Court will oversee any decisions made, and in addition, the Conservator will need to secure authorization for some transactions, such as selling property.
A Personal Representative is the term given for a specific kind of Fiduciary upon one’s death—they are the Executor for the Estate and are given the duties to settle the decedent’s financial affairs.
A Notary Public, is appointed by the state government and serves the public as an impartial witness when it comes to the signing of important documents.