Common use of Successor Advisors Clause in Contracts

Successor Advisors. Once a successor advisor to a donor advised fund becomes the primary advisor, they in turn can appoint their own successor advisors. There is no limit to the number of times an advisor can appoint a successor advisor for active funds.

Successor Advisors. Once a successor advisor to a donor donor-advised fund becomes the primary advisor, they in turn can appoint their own successor advisors. There is no limit to the number of times an advisor can appoint a successor advisor for active funds.