Topic: Successor Trustee
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Answers to Common Questions
How to Choose a Successor Trustee for My Living Trust
A living trust is an agreement that controls your property, income and assets during your lifetime and after your death. The trustee is the person who controls the trust itself, and you may have named yourself as the trustee. Upon your deat... Read More »
Source: http://www.ehow.com/how_7547118_choose-successor-trustee-living-t...
What does Successor and Trustee mean?
A trust is a legal relationship whereby an individual (the trustor) or group of individuals transfers title to their property to a trustee . The purpose is to protect the property from creditors, relatives, any claims or liens made against ... Read More »
Source: http://wiki.answers.com/Q/What_does_Successor_and_Trustee_mean
What is reasonable compensation for successor trustee in a living...
In New York, a Trustee's Commission is determined under the Estates, Powers and Trusts Law. Section 2309 covers persons dying or lifetime trusts established after August 31, 1956. Section 2308 covers persons dying or lifetime trusts establi... Read More »
Source: http://wiki.answers.com/Q/What+is+a+trustee+fee+for+a+living+will...
More Common Questions
Answers to Other Common Questions
Depends on how the trust is written, and what happens with the primary trustee. Your question needs more details.
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Source: http://answers.yahoo.com/question/index?qid=20090906201658AAFP5Ei
The trustee is the person who presently has the authority to carry on the business of the trust. If the trustee dies, resigns or is for some reason unable to continue their duties then a successor trustee is appointed. A well drafted trust ...
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Source: http://wiki.answers.com/Q/What_is_the_difference_between_a_truste...
A "personal representative" is the modern term for the executor of an decedent's estate. A trustee is the individual responsible for administering and carrying out tne terms of a "trust." A trust is a legal entity that possesses or owns pro...
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Source: http://answers.yahoo.com/question/index?qid=20060913103302AAycF5Y
Assuming that all beneficiares agreed to your distribution plan, the distribution of all assets has been acknowledged, your final accounting has been accepted, and the trust is not under court supervision, your remaining duties include fili...
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Source: http://www.avvo.com/legal-answers/how-do-i-close-a-trust-as-succe...
The Successor Trustee takes over as Trustee in case of the first Trustee’s death, disability, legal incapacity, or resignation. If you and your spouse are Co-Trustees, you can set up your Trust so either one of you can serve as sole Trustee...
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Source: http://www.querycat.com/question/240fb74e1983cded99945bf7ab8b6be5
We need to see the trust and a copy of the deed showing how title is held on the property along with a copy of any property tax bill, a death certificate and we will prepare all documents and record. See similar questions...
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Source: http://www.querycat.com/question/240fb74e1983cded99945bf7ab8b6be5
Usually the successor Trustee takes over once the Trustor cannot or will not perform. If the Trust does not speak to this (and I find that hard to believe, but you never know!), then you can Petition the Court to appoint you. Seek legal cou...
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Source: http://www.avvo.com/legal-answers/how-does-successor-trustee-take...
