What are the limitations placed on the executor of a trust?


Quick Answer

The executor of a trust acts as the representative of a decedent and is responsible for settling the estate of that person. While there are no specific limitations to an executor outlined by the American Bar Association, mismanagement of the estate could leave trustees liable to suit by beneficiaries.

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Full Answer

The executor of a trust is charged with settling business affairs and debts, filing the final tax return, and distributing assets as determined by a will, if one is available, upon the decedent's death, according to Forbes magazine. Acting in a fiduciary capacity, the personal representative has no explicit limitations. However, errors in execution, such as self-dealing or failure to complete the duties of trust, are known pitfalls of executors, as the American Bar Association notes.

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