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Discover trustee roles, responsibilities, and selection criteria for estate planning. Learn how trustees manage trust assets and execute terms effectively.
Your trust document should name successor trustees who automatically step in if the original trustee dies, becomes incapacitated, or resigns. If no successor is named or available, the court will appoint a replacement trustee. This is why many people name multiple backup trustees in order of preference. The transition typically involves transferring account access and providing the new trustee with copies of trust documents and asset records.