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Dear Mr. Premack: My older brother listed me as a successor trustee in a new living trust signed by him and his wife. They did not ask me, I did not sign, and they just now told me. They are ...
How to Establish a Successor Trustee. Trusts are often established as an estate planning tool to properly account for and distribute assets according to the grantor's wishes after death. Most ...
This person is the successor trustee of your trust, the executor in your will and the designated attorney-in-fact in your power of attorney.
You've set up a trust to protect your assets and your beneficiaries, but you still must choose the right person to execute your wishes. Here's how to do that.
A successor trustee is the person or institution that a trust creator (the grantor) names to manage the trust if the original trustee dies or is incapacitated.
Naming the right successor trustee is essential, but can be difficult. Here are some tips to make it easier.
If you’ve been appointed as a successor trustee, you likely have some questions about your duties, responsibilities, and any financial risks you might face. This article breaks down the role of ...
What happens when a trustee dies? When the trustee of an irrevocable trust passes away, the role normally shifts to a co-trustee or successor trustee.
You've set up a trust to protect your assets and your beneficiaries, but you still must choose the right person to execute your wishes. Here's how to do that.