Monthly Archives: August 2015

Aug 2015

Will a Court Ever Order a Trustee Removed from a Trust?

Reasons for Removing a Trustee from a Living Trust

A properly drafted living trust can be an excellent addition to a well-rounded estate plan. Part of the reason trusts have become popular is that they offer a great deal of flexibility. If you create a trust, you must appoint a trustee to administer the terms of your trust. A trustee must oversee property and assets held in the trust, as well as make sure they are properly distributed. Whether a trust is a revocable or irrevocable trust, there may come a time when it is necessary to remove a trustee. If the living trust gives the beneficiaries the authority to remove a trustee, the beneficiaries can remove the trustee and appoint an alternative. Absent this power in the...