What Are the Duties of an Executor of a Living Trust?

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    Assembling Assets

    • A trustee is responsible for collecting all assets of an estate. This may include insurance policies, property deeds, and banking accounts, among other items.

    Managing Assets

    • A trustee must successfully manage all assets within a trust. This may include investing them for growth, for the benefit of the beneficiaries.

    Administering the Trust

    • An estate must be administered exactly as specified within the trust. The trustee ensures that this accordance is maintained.

    Record Keeping

    • A trustee must diligently keep accurate records pertaining to all transactions made by the estate.

    Consulting Specialists

    • Specialists such as accountants, attorneys and other professionals may be consulted by the trustee as needed to successfully administer the trust.

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