Phrases with «successor trustee»

A "successor trustee" is someone who takes over the responsibilities and duties of managing and distributing assets in a trust after the original trustee is no longer able to or chooses not to fulfill their role. Full definition

Sentences with «successor trustee»

  • These guidelines may include the timing and method for distribution of trust assets, types of investments that can be made within the trust and naming successor trustees. (termland.com)
  • I asked successor trustee to sign over any rights if he has any. (biggerpockets.com)
  • During your lifetime you can name yourself trustee with First Bank & Trust being named as successor trustee to take control and administer your trust after your death. (firstbt.com)
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