- Jurisdiction
- Arizona
An account of a deceased person specifies the current trustee of a trust established by the deceased person as the beneficiary. Said trust appoints a relative and a bank as co-trustees. The account is outside the trust. How is the account distributed? I hope its not a windfall for the bank. If it matters, the corporate co-trustee specified in the trust declined and the beneficiaries (of the trust) chose another bank as required by the trust if the named one declined.