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Trust Successor Trustee Form

Trust Successor Trustee Form

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Instructions and help about illinois trust trustee

Who should you pick as your successor trustee in your estate plan? Today, we're going to talk about one of the most important decisions that you need to make when you do your revocable living trust centered estate plan. And that is, who should be your successor trustee. If you're married... Married couples usually make each other as the joint trustees to start off the trust, right? And then when one of them passes or becomes incapacitated, then the other one takes over from there. The question that we're talking about today is who becomes a successor trustee if both of you are incapacitated or if one of you has passed away and the other one is no longer able to manage their estate. So a successor trustee comes in in two situations, which is why I like revocable living trust centered estate plans, because the first situation that you use a successor trustee is if you are incapacitated, that means you are no longer able to make decisions, financial decisions on yo

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