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Trustee/Successor Trustee

A Trustee is a person or company who manages assets held in a trust.  Real property, liquid assets and investments may be transferred into a Trust.  The Trustee is responsible for managing those assets for the benefit of the beneficiaries named in the Trust.  The Trust document and applicable state law instructs the Trustee how to manage and distribute the Trust assets.  In most cases, the Trust document also sets forth the distribution and settlement of the assets upon the death of the Trustors.  A Successor Trustee takes over management of the Trust when the current Trustee dies, resigns, or becomes unable or unwilling to continue managing the Trust.  Our appointment as Trustee is confirmed by the court, as The Sun Valley Group, Inc. is not a bank or bank trust company.

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