In Michigan, a key distinction between a trustee and an executor lies in their appointment process. A trustee is designated in a trust document, such as a living trust, to oversee the estate of the deceased individual. On the other hand, an executor, also known as a personal representative, is specifically named in a last will and testament. Another significant difference between an executor and a trustee relates to the settlement process for the estate. Wills and trusts function differently, resulting in slightly distinct procedures that executors and trustees must follow when settling an estate. The primary responsibility of an executor is to fulfill the provisions outlined in the will. This involves initiating probate, gathering assets, settling debts, and distributing assets to the beneficiaries named in the will. In contrast, a trustee's role centers on managing the assets held within the trust, exercising prudent investment strategies and distributing assets to beneficiaries in accordance with the trust agreement's terms.