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Each successor Trustee succeeds its predecessor Trustee by accepting in writing its appointment as successor Trustee and by filing the acceptance with the former Trustee and the Plan Administrator without the signing or filing of any further statement.
You must agree with all of the other trustees when making trust decisions. So it's worth understanding who they are and deciding if you think the relationship will work.
A document used to accept an appointment as trustee of a revocable or irrevocable inter vivos trust or a testamentary trust. This Standard Document may be used to accept an appointment as a successor or additional trustee made in a trust instrument or by an outside appointment document.
A trust agreement is a contractual document It is a contractual document that establishes the terms of a trust, which is an arrangement in which you transfer some or all of your assets to a third party (the trustee) to manage and disburse ing to your wishes.