Appointment of Successor Trustee for Revocable Trust: Settlor Is Outgoing Trustee (California)

This legal template provides a framework for the appointment of a successor trustee for a revocable trust in the state of California, under the jurisdiction of United States law. The purpose of this template is to help facilitate a smooth transition of trusteeship when the settlor (the creator of the trust) is stepping down from their role as trustee.

A revocable trust is a legal arrangement where the settlor transfers ownership of their assets into a trust, which is then managed for the benefit of the named beneficiaries during the settlor's lifetime and after their death. One of the key roles in managing a revocable trust is that of the trustee, who is responsible for ensuring the assets are managed according to the terms and provisions of the trust document.

When the settlor, who is also typically the initial trustee, decides to pass on the responsibility of trustee to another individual or entity, they must follow certain legal procedures to appoint a successor trustee. This appointment involves designating the individual or entity who will assume the trustee's role, outlining their powers, responsibilities, and limitations.

Given that this legal template is specific to California, it adheres to the laws, regulations, and court requirements applicable to trusts operating within the state. This ensures compliance with state-specific trust laws and allows for a legally valid succession of trusteeship.

By utilizing this template, individuals can establish a clear and legally binding mechanism for the appointment of a successor trustee. This helps to maintain the smooth administration of the revocable trust, preserving the settlor's wishes and safeguarding the trust assets for the benefit of the beneficiaries.