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Thumb of Michigan | Changing the successor executor/trustee does not change the will/trust provisions. So, 'cutting' a child out wouldn't apply. But wanting to change executor would raise the possible question(s), why change? The executor/trustee is entitled to compensation, but most family members that have said position don't take compensation in my experience. Mainly because it creates taxable income from THEIR tax-free estate distribution.
Being this estate plan was done fairly recently; there MUST have been a reason(s) for the grantor to make such choices.
Generally, to the deposition of assets:
Undertaker paid first.
Secured lenders
Joint ownership with rights to survivorship supersedes everything.
Beneficary designations.
Trust named assets (or trust named beneficiary).
Will/probate, unsecured lenders.
If no will, then probate (which will follow state laws, usually of the state property is owned in if real estate), unsecured lenders
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Will Q
