What is the difference between a Durable Power of Attorney Agent, an Executor, and a Trustee?
Your Agent is the person you designate in your Durable Power of Attorney to make financial decisions for you if you are incapacitated. An Executor is the person you designate in your Will to handle any financial or guardianship issues that would be subject to the probate court process. Your Trustee is the person you designate in your revocable living trust to wrap up your affairs upon your death and manage the financial distributions to your designated beneficiaries. Typically, you choose the same person to serve as your agent, Executor, and Trustee.