Sample Successor Trustee Acceptance Letter With Signature
Description
How to fill out Arkansas Acceptance Of Appointment As Successor Trustees?
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FAQ
Successor Trustee is the person or institution who takes over the management of a living trust property when the original trustee has died or become incapacitated. The exact responsibilities of a successor trustee will vary depending on the instructions left by the creator of the trust (called the Grantor).
An acceptance of office by a trustee is the mutual understanding that a person has with an estate that implies they will assume administrative duties after being nominated. Acceptance of office by trustee is basically a formal way of giving consent to serve as a trustee.
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.
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.
Written Acceptance of Trusteeship and/or Certification of Trust: If the settlor was acting as trustee of his or her own trust, the new trustee (called a ?successor trustee?) should sign an Acceptance of Trusteeship confirming that he or she has accepted his or her nomination by the settlor to act as the successor ...