Trustee and Executor
The trustee acts as the legal owner of trust assets, and is responsible for handling any of the assets held in trust, tax filings for the trust, and distributing the assets according to the terms of the trust.
An executor is responsible for for handling the same tasks as the trustee, but for the estate with or without a will.
Power of Attorney
A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal). The agent can have broad legal authority or limited authority to make legal decisions about the principal's property, finances or medical care.
Legally appointed to manage the personal and/or financial welfare of a person deemed to be incapacitated when he or she lacks sufficient understanding or “capacity” to make or communicate responsible decisions concerning his or her daily living needs. Usually as a result of dementia, developmental disability, or injury.