South Carolina Trustee Form
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People also ask
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Can an executor override a trustee?
Because they both have separate areas of responsibility, an executor cannot override a trustee, and a trustee cannot override an executor. Effectively, executors and trustees have separate duties and control over separate administrations, so while they often collaborate, they need not.
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Who has more power, an executor or a trustee?
The answer to who holds more power depends largely on the context and specific circumstances of the estate or trust. Here's a summary to help clarify: Duration of Authority: Trustees often have ongoing responsibilities and powers that can extend indefinitely, while executors have a more limited, temporary role.
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Can the same person be executor and trustee?
The probate court appoints the executor after filing the will. It is common for the executor and trustee to be the same person.
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Is a trustee the same as an executor?
A trustee has been given the responsibility of ensuring a grantor's assets are used the way they intended them to be. A trustee has a fiduciary duty, meaning they must act in the best interests of the beneficiaries, rather than ing to their personal interests or wishes.
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Can a trustee also be a beneficiary?
Yes, a trustee can also be a beneficiary of a trust. It's fairly common for a trust beneficiary to also serve as trustee. For example, in a family trust created by two spouses, the surviving spouse will almost always serve as both a trustee and beneficiary.
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