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.
Wisconsin Consent of Successor Trustee to Appointment Following Resignation of Original Trustee is a legal document that grants permission for the appointment of a successor trustee after the original trustee has voluntarily resigned from their role. This document ensures a smooth transition of powers and responsibilities within a trust arrangement. In Wisconsin, there are several types of Consent of Successor Trustee to Appointment Following Resignation of Original Trustee, tailored to specific circumstances. These variations include: 1. Wisconsin Consent of Successor Trustee for Revocable Living Trust: This type of consent is used when the original trustee of a revocable living trust resigns, and a successor trustee is appointed to manage the trust's assets and uphold the granter's wishes. 2. Wisconsin Consent of Successor Trustee for Irrevocable Trust: In the case of an irrevocable trust, where the granter's assets are transferred and cannot be modified, this consent form is utilized to ensure a smooth transition when the original trustee steps down and a successor trustee assumes their duties. 3. Wisconsin Consent of Successor Trustee for Special Needs Trust: If the original trustee of a special needs trust decides to resign, this consent form enables the appointment of a successor trustee who will continue managing the trust's assets for the benefit of a person with special needs, without compromising their eligibility for governmental benefits. 4. Wisconsin Consent of Successor Trustee for Testamentary Trust: When the original trustee appointed under the terms of a deceased person's will resigns, this consent document allows for the appointment of a successor trustee who will administer the testamentary trust as outlined in the will. Regardless of the specific type utilized, the Wisconsin Consent of Successor Trustee to Appointment Following Resignation of Original Trustee provides a legally valid means to transfer trustee responsibilities while ensuring the preservation of the trust's integrity and adherence to the granter's intentions.Wisconsin Consent of Successor Trustee to Appointment Following Resignation of Original Trustee is a legal document that grants permission for the appointment of a successor trustee after the original trustee has voluntarily resigned from their role. This document ensures a smooth transition of powers and responsibilities within a trust arrangement. In Wisconsin, there are several types of Consent of Successor Trustee to Appointment Following Resignation of Original Trustee, tailored to specific circumstances. These variations include: 1. Wisconsin Consent of Successor Trustee for Revocable Living Trust: This type of consent is used when the original trustee of a revocable living trust resigns, and a successor trustee is appointed to manage the trust's assets and uphold the granter's wishes. 2. Wisconsin Consent of Successor Trustee for Irrevocable Trust: In the case of an irrevocable trust, where the granter's assets are transferred and cannot be modified, this consent form is utilized to ensure a smooth transition when the original trustee steps down and a successor trustee assumes their duties. 3. Wisconsin Consent of Successor Trustee for Special Needs Trust: If the original trustee of a special needs trust decides to resign, this consent form enables the appointment of a successor trustee who will continue managing the trust's assets for the benefit of a person with special needs, without compromising their eligibility for governmental benefits. 4. Wisconsin Consent of Successor Trustee for Testamentary Trust: When the original trustee appointed under the terms of a deceased person's will resigns, this consent document allows for the appointment of a successor trustee who will administer the testamentary trust as outlined in the will. Regardless of the specific type utilized, the Wisconsin Consent of Successor Trustee to Appointment Following Resignation of Original Trustee provides a legally valid means to transfer trustee responsibilities while ensuring the preservation of the trust's integrity and adherence to the granter's intentions.
