- The executor of a living trust must follow the goals of the trust without deviation, which generally outline the benefits and the method of distributing assets. This also includes the term of the trust and selecting alternate beneficiaries if necessary.
- Perhaps the biggest portion of the executor's duties is the distribution of funds from the insurance policy in the trust. The executor follows the trust, which names the beneficiaries and also spells out the manner in which the funds are to be distributed.
- The executor of a living trust must record and pay any taxes associated with the trust. If the trust dictates, the executor must assist the beneficiary with tax issues and pay any fees associated with the trust, including the executor's own expenses.
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