Category: Estate Trustee
Difference Between an Estate Trustee and an Executor in Alberta?
If you’re estate planning in Alberta, it’s common to hear terms like executor, trustee, and personal representative. What do these terms mean and how do they differ? Should you name an executor or trustee in your estate plan? While executors and estate trustees both play an important role in estate planning, there are important differences between the terms. Most people name an executor but an estate trustee is only necessary for some estate plans. Assistance from an estate planning lawyer is necessary to draw up the relevant documents, even though the wording in the Wills and Succession Act [...]
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