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Pennsylvania Fiduciary Deed for Use by Executors, Trustees, Trustors, Administrators and Other Fiduciaries Form

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Pennsylvania Fiduciary Deed for Use by Executors, Trustees, Trustors, Administrators and Other Fiduciaries Form

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questions that I often get are around wills and Executives beneficiaries and trustees so let's touch on what the role of each of these individuals are and discuss in a little bit of detail what you need to consider when naming a beneficiary on your will so the role of an executive is just to settle your estate this is not an honor to be asked to be an executive it's a lot of work it should be done by somebody that knows um financial information and can have the capabilities of of settling in the state the next key member that's named in a will is the trustee a trustee typically will manage money for minor beneficiaries often people think the executive and the trustee need to be named as the same individual I often challenge people to consider naming an executive and a trustee to be different individuals the executive settle the estate and then the trustee to be the person to manage funds for beneficiaries now lots of questions that we get around beneficiaries ho

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