All Topics / Legal & Accounting / changing the appointer of a trust

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  • Profile photo of avranjesavranjes
    Participant
    @avranjes
    Join Date: 2003
    Post Count: 58
    December 11, 2006 - 4:16 am

    Hello,

    I have a trust, with someone as the trustee, and myself as the appointer.

    I want to change the appointer on the trust, without copping a heafy fee, is their an easy way of doing this? ie simply writing it into the minutes of the trust? or possibly a cleardocs type document template for this?

    Cheers,

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    December 11, 2006 - 11:39 am

    Depends on what your deed says. One of mine states that an “Appointor may (in writing) appoint another or replacement Appointor.”

    Terryw
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    Profile photo of catacata
    Participant
    @cata
    Join Date: 2005
    Post Count: 559
    January 2, 2007 - 11:17 pm

    Terry is on the money. There are so many differently worded deeds out there. You will ned to read and understand the deed you have before that question can be answered.

    I have read some that allow the appointer to resign and be replaced.

    CATA
    Asset Protection Specialist
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