Trustee authority continues when a co-trustee dies or disclaims, unless trust requires more trustees to act. Where authority to deal with trust property is given to several trustees, the continuing trustees may exercise that authority if one trustee disclaims or ... Summary
Trustee authority continues when a co-trustee dies or disclaims, unless trust requires more trustees to act.
Where authority to deal with trust property is given to several trustees, the continuing trustees may exercise that authority if one trustee disclaims or dies, unless the instrument of trust clearly requires the authority to be exercised by a number exceeding the remaining trustees.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.