Who may be trustee.
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.... Acceptance of trust. A trust is accepted by any words or acts of the trustee indicating with reasonable certainty such acceptance. Disclaimer of trust. Instead of accepting a trust, the intended trustee may, within a reasonable period, disclaim it, and such disclaimer shall prevent the trust-property from vesting in him; A disclaimer by one of two or more co-trustees vests the trust-p....
TaxTMI