New Jersey Power of Attorney Succeeding Trustee is a type of power of attorney document that allows a trustee to appoint an individual or organization to take over the responsibilities of the trustee in the event of the trustee's incapacity or death. This type of power of attorney document is commonly used when there is a need for a trustee to manage trust assets, but the trustee is unable to do so due to illness, disability, or death. The two types of New Jersey Power of Attorney Succeeding Trustee are: 1. Durable Power of Attorney — This type of power of attorney is created when a trust is first established and allows the trustee to appoint a successor trustee in the event of the trustee's incapacity or death. 2. Springing Power of Attorney — This type of power of attorney is created after a trust has been established and allows the trustee to appoint a successor trustee if the original trustee becomes incapacitated or dies. The individual or organization appointed as the succeeding trustee will be required to manage trust assets and fulfill the duties of the original trustee. This includes things such as making investments, managing distributions, and ensuring that trust assets are managed in accordance with the trust terms.