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What does successor mean in a will?

A Successor Trustee is the person responsible for administering and settling a Trust after the creator (called the Grantor) of the Trust dies. A Successor Trustee is also responsible for the Trust in the event the Grantor becomes incapacitated or unable to make decisions.

What is a successor trustee vs executor?

An executor operates under the supervision of the probate court. A successor trustee is answerable to the beneficiaries of the trust.

What are the duties of successor trustee?

A successor trustee is the person or institution that takes control of the trust assets when the original trustee dies, resigns, or becomes incapacitated. A successor trustees primary objective is to properly administer the trust assets according to the trusts terms and in keeping with fiduciary standards.

What is a successor in death?

A Successor Trustee is the person responsible for administering and settling a Trust after the creator (called the Grantor) of the Trust dies. A Successor Trustee is also responsible for the Trust in the event the Grantor becomes incapacitated or unable to make decisions.

What is the difference between an executor and a successor?

An executor operates under the supervision of the probate court. A successor trustee is answerable to the beneficiaries of the trust.

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