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Who can step in as trustee if the original corporate trustee will not continue serving? | NC

Pierce Law Group

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Q: Who can step in as trustee if the original corporate trustee will not continue serving? A: Usually, the trust document controls first. If it names a successor trustee, that person or institution can usually step in when the corporate trustee resigns or will not continue. If no workable successor is named, the qualified beneficiaries may be able to choose a replacement by unanimous agreement.…

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