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Tag: trust

  • Glossary

executor/executrix

  • Posted on October 24, 2019July 26, 2022
  • by BrightDime

An executor or executrix is the named individual (male/female) that is in charge of following the deceased’s wishes as expressed in the will. Their responsibilities can include managing assets, gathering…

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  • Glossary

trustee

  • Posted on October 24, 2019July 26, 2022
  • by BrightDime

A trustee is a named individual or firm appointed to oversee a trust. They have responsibilities such as holding and/or managing assets for the benefit of a third party based…

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  • Glossary

trust

  • Posted on May 16, 2019July 26, 2022
  • by BrightDime

A trust is legal account / arrangement where you engage a third party (the trustee) to oversee assets for the benefit of another party (beneficiary) to ensure the assets in…

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