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It is Important to Name a SuccessorTrustee

It is important to name a Successor Trustee to prevent the family from having to go through court proceedings to appont a new Trustee if the Trustmaker is no longer able to serve due to disability or death. The Trustmaker should discuss the appointment with the peson to be named so that person will be aware of the duties and responsibilities of a Successor Trustee when the Trustmaker can no longer serve.

 

NEXT WEEK: What Are the Duties and Responsibilities of a Successor Trustee?