Understanding the Difference Between Executors, Administrators, and Trustees

By |2023-03-03T10:38:24-06:00March 3rd, 2023|0 Comments

Louisiana trust and estate planners encounter three common legal roles regularly, the roles of Executor, Administrator, and Trustee. Clients often confuse these roles because the rights and responsibilities of the Executor, Administrator, and Trustee are similar. Additionally, the same person(s) often fills more than one of these roles simultaneously. For these reasons, examining the sometimes subtle differences between the three roles carries value for clients and potential clients. First, let's look at the role of Executor in Louisiana. Executors Executor is a term referring specifically to a person or entity named in your Last Will and Testament. The Executor is [...]