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

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

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[Music] hi this Keith Davidson from Albertson and Davidson in this video I want to discuss the difference between a trustee and executor what's the difference between those two different titles and both trustees and executives are fiduciaries and a fiduciary is somebody who's put in charge of somebody else's money and the trustee is a fiduciary over the trust and an executor is a fiduciary over a probate estate a trustee is named as the manager of the trust in the trust document whereas an executor is named as the manager of the probate estate in a will if somebody dies without a will then the person who's appointed is called an administrator but it's really the same thing they're the person who's managing the probate estate now in a trusts estate that's created typically during somebody's lifetime which is why it's called a living trust or in legal jargon we called an inter vivos trust and whoever creates

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