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In their fiduciary role, successor trustees have several fundamental duties. Duty of loyalty. ... Duty of general prudence. ... Duty regarding investments. ... Duty regarding distributions. ... Duty to render accounts and other reporting requirements. ... Duty to keep property separate. ... Duty not to delegate.

Successor Trustee is the person or institution who takes over the management of a living trust property when the original trustee has died or become incapacitated. The exact responsibilities of a successor trustee will vary depending on the instructions left by the creator of the trust (called the Grantor).

There are no fiduciary duties for a successor trustee of California trusts to perform until the creator of the trust cannot perform their duties. When a living trust gets created, the creator of the trust manages and controls the trust. When the creators of a California trust die, the trust becomes irrevocable.

EXAMPLE: Caroline names her two children, Eugene and Vanessa, as successor trustees. She names a close friend, Nicole, as alternate successor trustee. When Caroline dies, Vanessa is ill and can't serve as trustee, so Eugene acts as sole successor trustee. If he becomes unable to serve, Nicole would take over.

Even if there are no assets, but there is a will, you must file the will, any codicils (amendments), and a death certificate with the Probate Court within thirty (30) days of the date of death.

Payment may be made at the clerk's office counter, over the telephone, or by mail. Credit card payments made by mail should be accompanied by a Credit Card Payment Information Form. In addition, payment may be paid online via Pay.gov.