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It is Important to Name a SuccessorTrustee

It is Important to Name a SuccessorTrustee

  • September 21, 2011

It is important to name a Successor Trustee to prevent the family from having to go through court proceedings to appoint 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 person 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.