Appointment of Successor Trustee

Procedure

It is best practice to record all agreements or affidavits deciding who shall serve as the next trustee.

Law

A.R.S. § 14-107.04 specifies when a vacancy occurs in the trusteeship.  It makes it clear that a vacancy in a co-trustee position does not have to be filled.  It allows the qualified beneficiaries to fill a vacancy in the trusteeship by unanimous agreement.

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