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What is affidavit of successor trustee?
An affidavit of successor trustee is a legal document used to formally recognize a person who has been appointed as the successor trustee to manage a trust when the original trustee is unable to fulfill their duties.
Who is required to file affidavit of successor trustee?
The successor trustee is required to file the affidavit of successor trustee after being appointed to manage the trust, usually upon the death or incapacity of the previous trustee.
How to fill out affidavit of successor trustee?
To fill out the affidavit of successor trustee, the appointing document must be referenced, information about the successor trustee should be filled in, and it must include the trust details, identification of the predecessor trustee, and signatures may require notarization.
What is the purpose of affidavit of successor trustee?
The purpose of the affidavit of successor trustee is to provide legal proof of the successor trustee's authority to act on behalf of the trust and to ensure proper administration of the trust assets.
What information must be reported on affidavit of successor trustee?
The affidavit must include the name and address of the successor trustee, identification of the trust, details of the previous trustee, and any relevant dates regarding the appointment and trust creation.
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