A well drafted trust instrument will generally prescribe the method and manner of substitution, succession, and selection of successor trustees. Such provisions must be carefully followed. A trustee may be given the power to appoint his or her own successor. Also, a trustor may reserve, or a beneficiary may be given, the power to change trustees. This form is a sample a successor trustee accepting such appointment after the resignation of the original trustee.
This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Washington Consent of Successor Trustee to Appointment Following Resignation of Original Trustee is a legal document used in the state of Washington to officially designate a new trustee following the resignation of the original trustee of a trust. This consent form is crucial for transferring the responsibility of managing and administering the trust to the successor trustee. The document begins with a section outlining the parties involved, including the name of the trust, the dates of the original trustee's resignation and the appointment of the successor trustee, as well as the relevant sections of the trust agreement. Next, the document specifies the consent of the successor trustee to accept the appointment. The consent typically includes a statement that the successor trustee understands the duties and responsibilities associated with the role and agrees to fulfill them diligently and in accordance with the trust agreement and Washington state laws. The Washington Consent of Successor Trustee to Appointment Following Resignation of Original Trustee also includes provisions for the successor trustee to acknowledge receipt of important trust documents, such as the original trust agreement, a list of trust assets, and any amendments or supplementary agreements. Additionally, the form may include clauses addressing indemnification and release, where the successor trustee agrees to hold harmless and indemnify the trust and its beneficiaries from any claims or liabilities arising from actions taken in good faith during the administration of the trust. There may be different types of Washington Consent of Successor Trustee to Appointment Following Resignation of Original Trustee, which may vary depending on the specific circumstances of the trust and the requirements of the parties involved. Some potential variations may include specific provisions for irrevocable trusts, discretionary trusts, special needs trusts, or revocable living trusts. It is crucial to note that while this description provides an overview, it is important to consult with a qualified attorney or legal professional when preparing such a consent form to ensure compliance with Washington state laws and the specific provisions of the trust agreement. The content provided here is for information purposes only and should not be considered legal advice.
