Have Legal Questions? Ask a Lawyer Now.
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...
DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.
The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).