Skip to content

Successor Trustee: Amend Trust to Convert It?

Answered by: 

Question: 
If we have a Revocable Trust and the Trustee dies, must the Successor Trustee have the Trust amended if they want to convert it into a Irrevocable Trust with an EIN? We will open a new account. Where do they get the Trust amended?
Answer: 

Each trust is unique; it is impossible to answer this question without reading the trust instrument.

In general, a successor trustee doesn't have the power to "convert" a trust into anything; he or she has the powers given by the document, nothing more.

First published on 01/07/2018

Filed under: 
Filed under operations as: 

Search Topics