Appointment of Successor Trustee for Revocable Trust: Settlor is Outgoing Trustee (IL) | Practical Law

Appointment of Successor Trustee for Revocable Trust: Settlor is Outgoing Trustee (IL) | Practical Law

A document used to appoint a successor trustee of a revocable trust in Illinois when the creator of the trust (the settlor) is the outgoing trustee. This Standard Document can be used when the settlor wants to name a trustee to act when the settlor resigns, becomes incapacitated, or dies or when the settlor has resigned, become incapacitated, or died and a person authorized in the trust instrument or the qualified beneficiaries of the trust want to name a successor trustee to act effective immediately. This Standard Document contains integrated notes and drafting tips.

Appointment of Successor Trustee for Revocable Trust: Settlor is Outgoing Trustee (IL)

Practical Law Standard Document w-020-0840 (Approx. 13 pages)

Appointment of Successor Trustee for Revocable Trust: Settlor is Outgoing Trustee (IL)

by Practical Law Trusts & Estates
MaintainedIllinois
A document used to appoint a successor trustee of a revocable trust in Illinois when the creator of the trust (the settlor) is the outgoing trustee. This Standard Document can be used when the settlor wants to name a trustee to act when the settlor resigns, becomes incapacitated, or dies or when the settlor has resigned, become incapacitated, or died and a person authorized in the trust instrument or the qualified beneficiaries of the trust want to name a successor trustee to act effective immediately. This Standard Document contains integrated notes and drafting tips.