How Does Trust Administration Work?
A successor trustee takes over the management of a living trust when the original trustee of the trust is no longer able to serve as trustee or when the original trustee dies. When a successor takes over as trustee everything changes.
The successor trustee manages the trust assets according to the specific instructions contained in the Trust. The successor trustee has the same kinds of duties that an executor would have in probating a Will. However, distributing from a Trust does not usually require court supervision, and is therefore more simple and private than probate. Almost always, the trustee can use certified copies of the Death Certificate and the Trust Agreement to begin managing assets right away, instead of waiting for a court order as required in probate.