The Difference Between Executor, Administrator and Trustee

Let me explain to you the difference between an executor, and administrator and a trustee. Executor and Administrator are terms for somebody who handles an estate in probate. An executor for someone who died with a will; the Administrator for someone who died without one. A Trustee manages the assets of a trust. So if somebody dies having a Living trust, that’s managed by a trustee. Living Trusts do not have to go through probate. You are better off to have a will than not have one in probate, because typically wills waive the requirement of a bond or surety that can be an expensive proposition for somebody who dies without a will.