I am dealing with a trust which has two trustees, both of whom wish to retire. There are two new people willing to become trustees in their place, ie there are to be no continuing trustees.
I am about to draft a Deed(s). In order to avoid there being a brief period with no trustees, do I need to draft two Deeds? The first Deed would have the existing trustees continue and appoint the two new trustees. The second would be a Deed of Retirement of current trustees.
Alternatively can I draft one Deed of Appointment and Retirement, with the current Trustees appointing the new trustees and then the current trustees retiring?
Or am I unnecessarily complicating matters?