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What Happens When You Don’t Trust Your Trustee – Part I

March 13, 2023 by Kim Morrison

Trusts have become ubiquitous parts of estate plans. Many Estate Plans use revocable trusts as the foundation for the plan while others include irrevocable trusts. Regardless of the planning reason, every trust needs a trustee. The grantor may name the beneficiary as trustee, or the grantor may name another individual or entity as trustee, creating a natural tension between the beneficiary and trustee. If the tension becomes too great, the beneficiary may seek to have the trustee removed. As expected, the avenues for removal depend upon the trust instrument itself, as well as any statutory remedies available. Read on to learn more.

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Kim Morrison
Latest posts by Kim Morrison (see all)
  • What You Need to Know About SECURE Act 2.0 - March 27, 2023
  • What Happens When You Don’t Trust Your Trustee – Part II - March 20, 2023
  • What Happens When You Don’t Trust Your Trustee – Part I - March 13, 2023

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