Definition of LIFETIME TRUSTEE:

(noun) / a trustee acting under a lifetime trust (SCPA § 103 [32])

Plain English Translation: There are trusts made by a person during life (aka living trusts) and there are trusts created within a last will and testament that only go into effect after the creator dies and once the will is admitted to probate (testamentary trusts). The trustee of a lifetime trust is referred to as a lifetime trustee (vs a testamentary trustee).

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Samantha M. Sbrocchi
Samantha M. Sbrocchi
Helping clients in New York and New Jersey with various probate, administration and estate litigation matters.