Declination To Serve As Trustee Form With Trustee
Description
How to fill out Texas Recitals Regarding Declination To Serve As Successor Trustee?
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FAQ
A document used to decline an appointment as trustee of a revocable or irrevocable inter vivos trust or a testamentary trust. This Standard Document can be used to decline an appointment as a successor or additional trustee made in a trust instrument or by an outside appointment document.
Although the law often does not require you to provide a formal written rejection of the role, it is optimal to provide written notice of your decision to all relevant parties, including the person who created the trust (if still living) and the beneficiaries of the trust.
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.
A declination is distinguished from a resignation because a resignation signifies that a trustee is currently serving and is ceasing to serve, whereas a declination by an appointed trustee signifies the appointed trustee's non-acceptance of the appointment; the trustee never serves as trustee by signing the declination ...
I, __________________, Trustee of __________________________________ do hereby resign on _______________ (Date) all of my Trustee responsibilities, rights, title, and any other interest whatsoever I may have or had in this trust or trusts.