Acceptance Of Appointment As Successor Trustee Form For California
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How to fill out Acceptance Of Appointment By Trustee With Limitations?
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FAQ
A document used to accept an appointment as trustee of a revocable or irrevocable inter vivos trust or a testamentary trust in California. 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 Petition is filed under PC 17200 to appoint a successor trustee. All trustees and beneficiaries sign a consent. At least one beneficiary or trustee signs a nomination of a new trustee. Always look to the trust to see if a successor is named.
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.
An affidavit of successor trustee is filed when a trustee is removed or has died and is being replaced with the successor trustee. This is common in trusts (or joint tenancy) when it's written that if anything should happen to the trustee, the successor trustee will take over ownership.
What is a Successor Trustee? To be named the successor trustee of a loved one's trust is an honorable title. In short, it entails that you are the third party the trustor has entrusted their property and assets to in the event they pass away or become incapacitated.