Common use of Additional Trustee Provisions Clause in Contracts

Additional Trustee Provisions. These additional provisions shall apply regarding the Trustee. A. Grantor(s) as Trustee. If at any time either or both Grantors are "Trustee", a successor trustee may be designated by such Grantor Trustee(s), if such designation is made in writing. Such designee shall become the successor trustee upon acceptance of the terms and conditions of this Agreement.

Appears in 2 contracts

Sources: Joint Living Trust Agreement, Joint Living Trust Agreement

Additional Trustee Provisions. These additional provisions shall apply regarding the Trustee.: A. Grantor(s) Grantor as Trustee. If at any time either or both Grantors are "Grantor is Trustee", Grantor may appoint a successor trustee may be designated Trustee, to become effective immediately or upon any stated contingency, by such Grantor Trustee(s), if making such designation is made in writing. Such designee shall become the successor trustee Trustee upon acceptance of the terms and conditions of this Agreement.

Appears in 2 contracts

Sources: Living Trust Agreement, Living Trust Agreement