Executorial trustee

Executorial trustee

An executorial trustee is someone who is appointed to be an executor (the person who carries out the directions set forth in a will) and also be a trustee of an estate after the executors duties have been completed.

When dealing with large and lucrative estates this position generally does not exist in many cases so as not to create a conflict of interest. The remedy is usually to have an executor act in an arbitrary fashion and have no financial interest in how the estate will be divided up.

See also: inheritance, executor, trustee,


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Look at other dictionaries:

  • executorial trustee — noun Someone appointed to be an executor (the person who carries out the directions set forth in a will) and also be a trustee of an estate after the executors duties have been completed …   Wiktionary

  • executorial trustee — A person who is executor of a decedent s estate but is given powers and duties as a trustee, in reference to a testamentary trust created by the will, beyond the powers and duties of an executor. 31 Am J2d Ex & Ad § 163 …   Ballentine's law dictionary

  • Executor — This article is about the legal term. For other uses of the term, see Executor (disambiguation). Wills …   Wikipedia

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