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, that the successor trustee will take over ownership.
Yes, you can change the trustee if the trust document allows it; just make sure to update the Affidavit to reflect any changes.
You should include details like the names of the trustee and the trust, the date the trust was created, and any other relevant information that establishes authority.
You usually just need to keep it safe for your records. But if you’re dealing with banks or other parties, they might require you to share it.
To get an Affidavit of Trusteeship, you'll need to draft the document, ensure it's signed, and possibly have it notarized to make it official.
In Long Beach, anyone over the age of 18 can be a trustee, as long as they are capable of managing the trust's assets responsibly.
An Affidavit of Trusteeship is a legal document that proves someone is the trustee of a trust. It helps to establish the authority of the trustee to manage the trust's assets.