Section 1.53 Successor Trustees
| Library | Trusts and Powers 2013 Supp |
D. (§1.53) Successor Trustees
It is a cardinal principle of trust law that, except as provided in the trust instrument, no trust will fail for want of a trustee. Restatement (Third) of Trusts § 31 (2003). If the trustee dies, resigns, becomes incapacitated or disabled, or refuses or fails to serve or if the office becomes vacant for some other reason, the court will appoint a new trustee if the trust instrument...
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