Trustee change - Posted by JohnB_NJ

Posted by William Bronchick on February 17, 2002 at 11:26:42:

What most people do is just file the “affidavit and substitution of trustee” form rather than a new deed. You can find that form in my course.

Trustee change - Posted by JohnB_NJ

Posted by JohnB_NJ on February 14, 2002 at 20:13:33:


If a property is placed into a trust and the deed is drawn up with the Grantee as " 123 Main Street Trust, John Smith as Trustee" how would a change in trustee effect the Grantor when the property is sold.

If John Smith is no longer the trustee and a new trustee is put in place who would sign the deed when the property is sold or transfered.

Would the Grantor be “123 Main Street Trust, Jane Doe as Trustee”? and would there be a problem in the chain of title as the Grantor on the new deed doesn’t match the Grantee on the original deed.

Thank you in advance…