Notice of Change of Trustee

A Notice of Change of Trustee is a legal document used to inform relevant parties about a change in the trustee of a trust. Key points include:

1. Identifies the trust in question

2. Names the outgoing trustee

3. Introduces the new trustee

4. Specifies the effective date of the change

5. May include reasons for the change (optional)

6. Often requires notarization

This notice is crucial for maintaining transparency and ensuring a smooth transition of trust management. It should be sent to beneficiaries, financial institutions, and other entities involved with the trust. The document helps establish the new trustee’s authority to act on behalf of the trust. It’s important to follow state laws and trust document provisions when executing a trustee change. Proper documentation of this change helps prevent confusion and potential legal issues in the future management of the trust.