If the trustee is the last one of the original trustees to die, his personal representatives will become the new trustees of the trust.

Name: If the trustee is the last one of the original trustees to die, his personal representatives will become the new trustees of the trust.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

This is known as the rule of survivorship and is typically outlined in the trust agreement. When the last surviving trustee dies, their personal representatives will step in as the new trustees to manage the trust.

If the Trustee Is the Last One of the Original