Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / trustee-succession-memo.docx
trustee-succession-memo.docx
Parties
Harkness LLP
M. Briarwood Irrevocable
Briarwood Family Office LLC
M. Briarwood
Caldwell Fiduciary Services Inc
Stein LLP
The Inc
Volkov's Inc
Dates
January 18, 2024
March 3, 2008
December 31, 2015
December 3, 2023
January 22, 2024
December 31, 2023
February 5, 2024
December 5, 2023
January 15, 2024
February 21, 2024
Amounts
$41,500,000
$18,675,000
$14,525,000
$8,300,000
$49,800
$18,340,000
$19,100,000
$2,210,000
$1,850,000
Obligations
No court proceeding is required to effectuate the succession
2: (i) The certification must be in writing; (ii) The certification must be signed by the attending physician of the individual trustee; and (iii) The certification must be delivered to the institutional co-trustee (i
3 provides, in pertinent part, that the named successor "shall serve as individual trustee upon acceptance of such appointment in writing delivered to the institutional co-trustee
" This language establishes two conditions for the succession to become effective: (i) The named successor must accept the appointment; and (ii) The acceptance must be in writing and delivered to the institutional co-trustee (Caldwell)
No further action is required to vest the successor trustee with the powers, duties, and responsibilities of the individual trusteeship
The acceptance must be in writing and must express the successor's intent to assume the duties and responsibilities of the individual trusteeship