successor trustee

Definition of "successor trustee"
  1. An individual or establishment assigned to manage living trust assets when the original trustee can no longer do so due to death or incapacity
How to use "successor trustee" in a sentence
  1. The successor trustee ensured smooth transition of trust management after the original trustee's passing.
  2. Due to the original trustee's sudden illness, the successor trustee had to assume responsibility.
  3. Planning ahead, the parents designated their eldest child as the successor trustee in the event of their absence.

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