Can Successor Trustees Vote

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• Does A Protector Trustee Require Voting

  There is no voting for protector IF there are no other trustees on the board at time of election. If there are 2 or more trustees, a vote is required. NOTE: Use the Appointment of Additional Trustee form and simply specify their office in the ...

• Do Successor Trustees Have A Position or Title

  No, they are simply named Successor Trustee. If so desired, the office of a Trustee they will replace can be named within their Successor Trustee Appointment form (e.g. Successor Trustee will take office of Executive Trustee upon appointment).

• Trustee Powers Independent of Majority Vote of the Board

  A Trustee may independently, without the majority vote of the Board of Trustees do the following:  1. Receive property into the trust;  2. Initiate a contract for services (provided notice is given to the Board of Trustees within 3 days); and  3. ...

• Does One Need to Name a Successor Trustee

  This depends on the individual bank one is opening an account with. For example Chase requires a Successor Trustee, but TD Ameritrade requires a Co-Trustee, and other banks only require one Trustee to sign. Call the bank before the appointment to ...

• With 2 or 4 Trustees - Is Protector Trustee A Tie-Breaker

  Yes, a protector can break voting locks.