Decline To Serve As Trustee Form For Estate
Description
How to fill out Texas Recitals Regarding Declination To Serve As Successor Trustee?
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FAQ
If You Decide Not to Take the Job as Trustee It might seem odd to resign from something that you've never agreed to do, but that's the way it works. Notifying the beneficiaries in writing is the best way to protect yourself against any future charges that they had no idea that you weren't taking care of business.
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.
Reasons for removing a trustee They may choose to step down. Their circumstances may change in a way which stops them from continuing their role. For example, they may become unwell. In a membership charity they may be unsuccessful in seeking re-election.
(NHJB-2123-P) Form use. This form is used if the person who is named in the will to serve as the executor of an estate or trustee of a testamentary trust does not wish to serve. A declination may not be filed if there are no estate assets.
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.