Dear Eli --
there was a revocable living trust.. my brother and I are named as the successor trustees and the will states that we liquidate and distribute the estate equally among the four siblings after a few specific bequests..
Notice of Substitution of Trustee
The undersigned beneficiaries hereby appoints ___________ _______________________________________________________________ _______________________________________________________________ _______________________________________________________________ as successor trustees under the trust deed executed by ____________________ as trustee, and recorded ________________, _____, in _________________ county in book or docket _________________, page ______________, and legally describing the trust property as:
(legal description of trust property)
The successor trustees appointed herein qualifies as a trustee of the trust deed and are authorized to act in the trustee's capacity of the _________ Trust and to have all the powers of the original trustee, effective immediately.
Dated this _______________ day of ________________, ____.
You can wait and file this when you transfer the property and also file the death certificate. As trustees you have the authority but you should consult the beneficiaries and I always recommend that you get written approval.
Dear Wayne --
Thanks for reply... looks similar to what we received from local attorney contacted by friend. Unfortunately, we had bank meeting at 9am yesterday morning so since I didn't get response from Eli and hadn't used this site before... when I answered, I guess it went back into the pipeline.
Once again, I apologize for any inconvenience...
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