MLchartDataset catalogue

Successor trustee

Term · Law · MLC-T-LAW-004759

An individual or entity designated to take over the management of a trust upon the death, resignation, or incapacitation of the initial trustee. This party assumes all fiduciary duties, including managing assets, distributing income, and adhering to the terms of the trust document. The appointment of a successor trustee is a standard provision in most trust agreements.

Table 1. Record
IdentifierMLC-T-LAW-004759
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-004759",
  "term": "Successor trustee",
  "field": "Law",
  "definition": "An individual or entity designated to take over the management of a trust upon the death, resignation, or incapacitation of the initial trustee. This party assumes all fiduciary duties, including managing assets, distributing income, and adhering to the terms of the trust document. The appointment of a successor trustee is a standard provision in most trust agreements.",
  "url": "https://mlchart.com/terminology/law/successor-trustee/"
}

Record 4,856 of 5,441 in Law terminology (MLC-0107). Request the full dataset.