What Does a Trustee Actually Do?
230 viewsJune 22, 20260:41
In short
While you are alive and able, you are usually both the trustor and trustee of your revocable trust, so nothing changes in how you use your property. If you become incapacitated, your successor trustee steps in to manage the trust assets for your care. After your death the job changes: the trustee distributes the assets exactly as the trust says, following the rules rather than making them.
Key points
- During your lifetime: you keep full control as trustee of your own revocable trust.
- During incapacity: the successor trustee manages trust assets to take care of you.
- After death: the trustee distributes according to the written terms; they cannot change them.
- A trustee can be a family member, a beneficiary, a professional, or more than one person.
Full written answer: Successor trustee responsibilities in Arizona
Description
The trustee is someone who carries out your wishes, plain and simple. It could be a wide variety of loved ones, they could also be a beneficiary, or you could have multiple trustees if you'd like.
It's your trust, which means it's your rules.
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