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What is a successor trustee?

Successor Trustee
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What is a successor trustee?

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The person you designate to take over the Trust for you after death or upon a disability, is the Successor Trustee. It is important to have a list of successor Trustees in order of priority for appointment.

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The successor trustee is the person who assumes control of the trust after you, the initial trustee, die. The successor trustee makes sure that your estate is distributed among your beneficiaries according to the terms of the trust. Usually, the successor trustee is someone that you know well and trust.

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