TSEM6127 - Legal background to trusts & estates: the difference between administrators and trustees

»Ê¹ÚÌåÓýapp administrator has the duty of standing in the place of the deceased in order to wind-up their estate and distribute it in accordance with the law of intestacy. While their basic function is to distribute assets, the fiduciary character of their office resembles that of the trustee, but their powers are somewhat wider and the class to which their responsibilities extend is also wider (e.g. it includes creditors of the deceased, as well as beneficiaries of the estate). »Ê¹ÚÌåÓýappy gather in the deceased person’s estate in their hands. »Ê¹ÚÌåÓýappn they pay the deceased’s debts and satisfy the claims against the estate, and distribute the estate assets to the beneficiaries under the rules of intestacy, as soon as possible.