46. Does a trustee need to do anything specific when a settlor passes away?

Yes. If there is a change in trustees, then the new trusteeA person who stands in a fiduciary relation to another, having been given legal title to someone else’s property for the benefit of a third party. must sign a written acceptance of trusteeship and/or a Certification of Trust. If the trustAn arrangement in which property interests are legally held by one person (the trustee) at the request of another (the settlor) for the benefit of a third party (the beneficiary). becomes irrevocable when the settlorThe individual who creates a trust. dies, then the trustee must provide notice of the trust to all the trust beneficiaries and heirs of the decedentA person who has passed away.. If the trust assets include real propertyLand and all things which are growing thereon, permanently attached thereto, or permanently erected thereon. Real property also includes easement rights., the trustee must give written notice of to the Assessor’s Office. If the settlor received health care benefits from the State, the trustee must give written notice of the settlor’s death to the Director of Health Services.