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