Under Arizona law, what is the role of a "successor trustee"?

Prepare for the Arizona Fiduciary License Test with flashcards and multiple choice questions, each featuring hints and explanations. Ace your exam!

The role of a "successor trustee" is to manage the trust following the incapacity or death of the original trustee. This position is crucial because it ensures that the trust continues to operate smoothly according to its terms and that the beneficiaries' interests are protected. When the original trustee can no longer fulfill their duties, the successor trustee steps in to take on the responsibilities of managing the trust assets, distributing them to beneficiaries, and ensuring compliance with the trust's provisions.

Choosing the successor trustee is an important part of trust planning, as it provides continuity and stability, avoiding potential disruptions that could arise from the absence of a functioning trustee. This role is specifically designed to activate under circumstances where the original trustee can no longer perform their functions, which aligns with the legal framework surrounding trusts in Arizona.

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