A successor trustee is the person or institution that a trust creator (the grantor) names to manage the trust if the original trustee dies or is incapacitated.

Selecting a trustee well-equipped to handle these duties is one of the most important decisions the person setting up the trust—aka the grantor—can make.

A trustee’s duties are different from an executor’s duties. An executor is someone who is charged with carrying out the terms of a will after someone passes away.

Shawn Fitzsimmons, Chair of the Nipissing-Parry Sound Catholic District School Board (NPSC), emphasized the importance of locally elected trustees. He said, “The role of Catholic school trustees is ...

For example, rather than requiring that "Trustees will attempt to refrain from accepting duties, incurring obligations, or engaging in activities that would be incompatible with, or in conflict ...