Powers of the Trustee The Trustee has Power granted by the Trust and by law.
{"Image DocumentName": "Powers of the TrusteeThe Trustee has Power granted by the Trust and by law.", "Image ImageDescription": "Open and close bank accounts; buy or sell securities; purchase or sell real property; deal with insurance companies; incur debts, refinance real property, prepare tax returns, employ advisers, etc. The Trust Estate consists of assets Owned by the Trust Realize that when you create and fund a Living Trust, you, as an individual, no longer own those assets \u2013 your Trust owns the assets \u2013 you avoid probate because you don\u2019t own anything when you die \u2013 your Trust owns it all! It\u2019s just that simple. You control Trust assets for the benefit of the Settlor \u2013 which is yourself. If you become incapacitated, your Successor Trustee controls the trust assets for the benefit of the Settlor. That\u2019s why it\u2019s vitally important that you Trust you Successor Trustee!", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}