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Being a Successor Trustee Should Be Taken Seriously

Scenario: Your father was smart enough to have a trust drafted. As a result, his property can pass to you and his other beneficiaries without the lengthy and costly process of going to probate court. Now what? When your father had a trust drafted, he became both the Trustor (trust creator) and the Trustee (the [...]

By |2024-02-21T17:10:35+00:00April 12th, 2019|Successor, Trustee|Comments Off on Being a Successor Trustee Should Be Taken Seriously
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Being a Successor Trustee

What is a Successor Trustee? A Successor Trustee is a person who takes over the management of a trust after the initial trustee dies or is unable to fulfill their responsibilities. The Successor Trustee is responsible for executing the trust and managing it until the assets of the trust are distributed to the beneficiaries according [...]

By |2024-02-21T18:54:15+00:00April 11th, 2018|Successor, Trust, Trustee|Comments Off on Being a Successor Trustee
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