Acceptance of successor trustee form ohio. 1A - FIDUCIARY’S ACCEPTANCE TRUSTEE Jan 30, 2014 · Ohio Revised Code Section 5302. This ensures a smooth transition of responsibility and management of the trust. Safeguarding the assets may be as simple as collecting and turning over all the money to an investment advisor for management, or Sep 9, 2025 · Also, many practice books contain forms - see the discussion on practice books in my Ohio Secondary Sources guide. Safeguarding the assets may be as simple as collecting and turning over all the money to an investment advisor for management, or 3 days ago · Also, many practice books contain forms - see the discussion on practice books i n my Ohio Secondary Sources guide. In case of death, attach death certificate. 171 | Affidavit for Successor Trustee. If requested, have it notarized. Reference Manual Volume No. A successor trustee must contact trust beneficiaries, inform them of his appointment and keep them informed of the actions he takes regarding the trust. This form is a sample a successor trustee accepting such appointment after the resignation of the original trustee. You can search the on the Franklin County Law Library website for more books. It's common for financial institutions to request a certificate of trust before disbursing funds to a trustee or successor trustee. Get control of trust assets efficiently. 22 Division B Asset Management If you are asked to serve as successor Trustee of a Trust, consider it an honor, but give the appointment careful consideration before accepting. Apr 16, 2025 · Conclusion Acceptance by successor trustee ensures that a trust is always properly managed, even if the original trustee can no longer fulfill their role. Note: ORC 2109. Apr 3, 2023 · (2) If the trustee sending the notice accepted the trusteeship during the period described in division (A) (1) of this section, the "applicable reporting period" shall be from the date of the trustee's acceptance to the date of preparation of the notice. 171 – 317. The written acceptance of duties may be filed with the application for appointment. Sign, print, and download this PDF at PrintFriendly. The affidavit shall be recorded in the official records of the county recorder, and indexed in the direct and Description: Geauga County Auditor’s Affidavit of Successor Trustee form – ORC 5302. TRUSTEE’S ACCEPTANCE – 310L – REV 12/2017 Such provisions must be carefully followed. 171 Affidavit for successor trustee. This document is a legal acknowledgment by the successor trustee that he is taking responsibility for management of the trust. 19-400 Ohio State Bar Association Continuing Legal Education is a division of the Ohio State Bar Association. AFFIDAVIT OF SUCCESSOR TRUSTEE This form can be used to identify or verify the name of the Successor Trustee of a Trust – the person that succeeds the initial or original Trustee named in the Trust. 02] al duties as are ordered by the Co Make and file an inventory of the real and personal assets of the trust within 3 months after appointment, or such time as extended by the Court; Requirements for Special Needs Trust The beneficiary of the trust must reside in Montgomery County, Ohio at the time of the filing of the application for appointment of trustee. Prepare a Trustee Acceptance form and sign the form. It also grants power to a trustee to act on behalf of the trust. 02 - Every fiduciary, before entering upon the execution of a Trust, shall receive Letters of Appointment from a Probate Court having jurisdiction of the subject matter of the Trust. Also, a trustor may reserve, or a beneficiary may be given, the power to change trustees. Nov 10, 2020 · What is a successor trustee? A successor trustee is a person or institution that administers a trust after a former trustee dies or becomes incapacitated. The box to the right contains listings for some of our form books. The oath is taken before a notary Affidavit of Successor Trustee: Jeffrey Burr Law helps successor trustees in Nevada. The Franklin County Law Library Forms p age also has helpful forms. Effective: January 30, 2014 Legislation: House Bill 72 - 130th General Assembly tle in the trustees, and a legal description of the real property. C. Sometimes, there are multiple successor trustees who share responsibility for administering the trust, but most of the time, it is just one Such provisions must be carefully followed. A trustee may be given the power to appoint his or her own successor. (A) Unless a cotrustee remains in office or the court otherwise orders, and until the trust property is delivered to a successor trustee or other person entitled to it, a trustee who has resigned or been removed has the duties of a trustee and the powers necessary to protect the trust property. Successor trustees are most often spouses, adult children, or trusted estate planning professionals. Oct 6, 2025 · A certificate of trust legally proves that a trust exists and includes general information to verify its existence. It is non-jurisdictional and may be modified for a particular state. Notify the beneficiaries of the trust, in writing, of the change in trustees. ___ death; ___ resignation; or ___ other reason as of _________________, 20___. FIDUCIARY'S ACCEPTANCE TRUSTEE [R. State law may mandate that the successor trustee sign an oath and/or acceptance. Jan 1, 2007 · (1) By a person designated in the terms of the trust to act as successor trustee; (2) By a person appointed by someone designated in the terms of the trust to appoint a successor trustee; (3) By a person selected by the charitable organizations expressly designated to receive distributions under the terms of the trust; If the change in trustees is due to the resignation of the original trustee, obtain a signed Trustee Resignation form from the departing trustee. A Trustee has the responsibility of safeguarding the Trust assets for the benefit of the beneficiaries. It provides continuity and legal clarity, protecting the interests of both the trustee and the beneficiaries. Asset Management If you are asked to serve as successor Trustee of a Trust, consider it an honor, but give the appointment careful consideration before accepting. Affiant is the [Successor Trustee | Co-Trustee (circle one)] of the Trust referenced herein; The name of the Trustee that served immediately prior to the Successor Trustee, or the Co-. Having a clear process for acceptance by a successor trustee is essential for maintaining the trust’s operations and ensuring its This template is an acceptance of trusteeship for a successor trustee to a revocable or irrevocable trust agreement. View the Affidavit of Successor Trustee Sample Document in our collection of PDFs. Jan 30, 2014 · Upon the death, resignation, removal, or other event terminating the appointment of a trustee of a trust, which trustee holds title to real property, the successor trustee or any co-trustee of the trust shall file with the county auditor and the county recorder of the county in which the real property is located, as soon as is practical, an affidavit reciting the name of the immediately NOTE: This affidavit must be presented to the county auditor and filed with the county recorder within 30 days after the death, resignation, or other terminating event of the prior trustee. Sep 26, 2024 · An affidavit of successor trustee is filed when a trustee is removed or has died and is being replaced with the successor trustee. Jan 30, 2014 · 2024 Ohio Revised Code Title 53 | Real Property Chapter 5302 | Statutory Forms of Land Conveyance Section 5302. Date Trustee FRANKLIN COUNTY FORM T-25. This is common in trusts (or joint tenancy) when it's written that if anything should happen to the trustee, the successor trustee will take over ownership. Sworn to before me and subscribed in my presence this ______ day of ________________, 2______. The Successor Trustee(s) understand that they may be required to provide copies of excerpts from the original Trust pertaining to the succession of the Successor Trustee(s). 2109. The purpose of this form is to officially document the resignation of a trustee and the acceptance of a successor trustee. uie1s 7hhea 55pm mxx7 jja2 ohr p4717d ylzr 3ljz fgtz2