Appointment of Successor Trustee for Revocable Trust: Settlor is Not Outgoing Trustee (Texas)

This legal template is specifically designed for the state of Texas, under United States law, and focuses on the appointment of a successor trustee for a revocable trust. In this case, the settlor (the individual who created the trust) is not the outgoing trustee.

A revocable trust is a legal arrangement wherein assets are transferred into a trust for the benefit of the beneficiaries, while the settlor maintains control and the ability to alter or revoke the trust during their lifetime. However, circumstances may arise where the settlor is no longer willing or able to act as the trustee of the trust.

This legal template provides a framework for the appointment of a new trustee to oversee the management and distribution of the trust assets. It includes provisions and guidelines that comply with the specific requirements and regulations set forth by the state of Texas and US law.

The template likely includes sections addressing the identification of the trust, the role and responsibilities of the successor trustee, the process for accepting the trusteeship, any limitations or conditions imposed on the trustee's powers, the method of notification to the beneficiaries and relevant parties, and any other relevant legal considerations.

By using this template, individuals involved in the administration of a revocable trust can ensure that the appointment of a successor trustee is properly documented and complies with applicable laws in Texas and the United States.