successor trustee
The person or institution who takes over the management of living trust property when the original trustee has died or become incapacitated.
Category: Wills, Trusts & Estates → Living Trusts & Avoiding Probate

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

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  • successor trustee — Same as substitute trustee …   Ballentine's law dictionary

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  • revocable living trust — A trust set up during life that can be revoked at any time before death. Revocable living trusts are a common and excellent way to avoid the cost and hassle of probate, because the property held in the trust during life passes directly to the… …   Law dictionary

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