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What is a successor trustee?

Short answer

The person named in a trust to take over management after the original trustee dies or becomes incapacitated. They have authority to manage and distribute trust assets without court involvement. If you are the successor trustee, get a certified death certificate and…

What this usually means

The person named in a trust to take over management after the original trustee dies or becomes incapacitated. They have authority to manage and distribute trust assets without court involvement. If you are the successor trustee, get a certified death certificate and consult a trust attorney.

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