Legal Question in Wills and Trusts in California

what does this mean? bill smith agrees that from this day foward he will assume all responsibilities for the distribution.the successor trustee will have no futher responsiblility for the funds distributed.


Asked on 1/09/13, 10:46 am

1 Answer from Attorneys

It means that Bill Smith is taking over the legal, fiduciary responsibilities for the distributions so that if there is a problem or a commingling of funds, Bill Smith would be legally liable. The successor trustee is attempting to relinquish legal responsibility which should only be allowed if the successor trustee is resigning.

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Answered on 2/25/13, 1:19 pm


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