Main Difference
The main difference between Trustee and Executor is that the Trustee is a person who holds property, authority, or a position of trust or responsibility for the benefit of another and Executor is a profession
Trustee
Trustee (or the holding of a trusteeship) is a legal term which, in its broadest sense, is a synonym for anyone in a position of trust and so can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another. A trustee can also refer to a person who is allowed to do certain tasks but not able to gain income. Although in the strictest sense of the term a trustee is the holder of property on behalf of a beneficiary, the more expansive sense encompasses persons who serve, for example, on the board of trustees of an institution that operates for a charity, for the benefit of the general public, or a person in the local government.
A trust can be set up either to benefit particular persons, or for any charitable purposes (but not generally for non-charitable purposes): typical examples are a will trust for the testator’s children and family, a pension trust (to confer benefits on employees and their families) and a charitable trust. In all cases, the trustee may be a person or company, whether or not they are a prospective beneficiary.
Executor
An executor is someone who is responsible for executing, or following through on, an assigned task or duty. The feminine form, executrix, may sometimes be used.
Trustee (noun)
A person to whom property is legally committed in trust, to be applied either for the benefit of specified individuals, or for public uses; one who is intrusted with property for the benefit of another.
Trustee (noun)
A person in whose hands the effects of another are attached in a trustee process.
Trustee (verb)
To commit (property) to the care of a trustee.
“to trustee an estate”
Trustee (verb)
To attach (a debtor’s wages, credits, or property in the hands of a third person) in the interest of the creditor.
Executor (noun)
A person who carries out some task.
Executor (noun)
Someone appointed by a testator to administer a will; an administrator.
Executor (noun)
An executioner.
Executor (noun)
a person or institution appointed by a testator to carry out the terms of their will
“the executors of the late John B. Smith”
“Hugh appointed him an executor of his will”
Executor (noun)
a person who produces something or puts something into effect
“the makers and executors of policy”