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A successor trustee who is dealing with a simple living trust, which is intended only to serve as a substitute for a will, can probably wrap up the job in a few weeks or months. Some trusts, however, are designed to last for many months or years.
The successor trustee may be the primary beneficiary of the trust, who has the incentive to handle the transfers promptly and efficiently. However, it can be anyone you. trust: a close friend, an adult child, your spouse, your lawyer, an accountant, or a corporate trustee.he successor trustee may be the primary beneficiary of the trust, who has the incentive to handle the transfers promptly and efficiently. However, it can be anyone you. trust: a close friend, an adult child, your spouse, your lawyer, an accountant, or a corporate trustee.