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A successor trustee who is dealing with a simple living trust, which is intended only to serve as a substitute for a will, can probably wrap up the job in a few weeks or months. Some trusts, however, are designed to last for many months or years.
The person who serves as the executor of a living trust is called the successor trustee. Most of us are at least vaguely familiar with the role of executor of an estate. The executor is the person, named in the will, who is in charge of carrying out the wishes of the deceased person.