Some of the most important instructions in Revocable Living Trusts pertain to who will replace the Trustmaker if the Trustmaker can no longer serve as a Trustee because of disability or death. The Successor Trustee will assume the legal responsibility of managing the trust’s assets according to its instructions. Accordingly, the Successor Trustee must be exceptionally trustworthy, excel at managing property of considerable value, and be capable of following detailed legal instructions. A detailed discussion of a Trustee’s responsibilities is presented in the chapters that follow.
What successor trustee instructions should be included in the trust?Tom2017-02-08T14:36:26+00:00