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Executors and Trustees

Usually a person is appointed both as an executor and a trustee although there is a difference in these functions [Administration and Probate Act 1919 (SA) s 82]. The executor's role ends after all the assets of the estate have been collected, all the debts have been paid and the balance is distributed to the beneficiaries. Where the terms of the will create continuing duties, such as the support and maintenance of young children or the administration of money for someone's benefit, this role is performed by the trustee.

Executors and Trustees  :  Last Revised: Thu Nov 13th 2014
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