TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. If neither the first or second Trustee are able to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee, whether one or more. The Trustee shall have all powers as provided in this agreement and the laws of the State of Florida as stated in the Florida Code Sections 736.0815 and 736.0816. The principal place of administration of this trust is the Trustor’s place of residence, regardless of the residence of the Trustee. If multiple or Co- Trustees are appointed their exercise of powers shall be governed by Florida Code Section 736.0703. In the event a vacancy in the office of Trustee occurs and there is no successor trustee, the existing Trustee, if one, and the beneficiaries, or the beneficiaries, if there is no trustee, may agree to a non- judicial change in the trustee by amendment to this Trust agreement. See Section 736.0704.
Appears in 1 contract
Sources: Revocable Living Trust Agreement
TRUSTEE APPOINTMENTS. The Trustor, hereby appoints , the Trustor, as Trustee of this Trust. If the Trustor, is unable to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee. If neither the first or second Trustee are able to serve as Trustee for any reason, then the Trustor hereby appoints as Successor Trustee, whether one or more. The Trustee shall have all powers as provided in this agreement and the laws of the State of Florida as stated in the Florida Code Sections 736.0815 and 736.0816. The principal place of administration of this trust is the Trustor’s Trustors place of residence, regardless of the residence of the Trustee. If multiple or Co- Trustees are appointed their exercise of powers shall be governed by Florida Code Section 736.0703. In the event a vacancy in the office of Trustee occurs and there is no successor trustee, the existing Trustee, if one, and the beneficiaries, or the beneficiaries, if there is no trustee, may agree to a non- judicial change in the trustee by amendment to this Trust agreement. See Section 736.0704.
Appears in 1 contract
Sources: Revocable Living Trust Agreement