When Washington residents execute their wills, they appoint an executor to wrap up their affairs. The executor pays off debts and taxes and pays out the inheritance to the heirs according to the will. After a few months, the executor's work is typically done and the estate is settled. However, there are types of estate plans that call for much longer term estate administration.
One common reason to have a long-term estate administrator is to handle assets that will continue to accumulate wealth long after the death of the original owner. Trusts can fall into this category, but so too can other forms of property.