Legal Question in Wills and Trusts in Utah
death of trustee
what is the pocedure upon the death of trustee of living trust?
Asked on 5/29/06, 6:53 pm
1 Answer from Attorneys
Alvin Lundgren
Alvin R. Lundgren, L.C.
Re: death of trustee
The trust document should identify the next trustee, often called a substitute trustee, or if not named a procedure set forth to choose the new one. If the trust has neither of these then all of the vested beneficiaries (those who have an immediate right to inherit) should choose a trustee and have that choice confirmed by a court of competent jurisdiction.
Answered on 5/29/06, 10:39 pm