The Trustmaker of a revocable trust can change a trustee at any time prior to his or her disability or death by amending the trust to name a new Successor Trustee. The trust can also include instructions that outline the circumstances that allow a Successor Trustee to be removed. For example, the trust may provide that a majority of the beneficiaries can appoint a new Successor Trustee for specific reasons or for no reason at all. Also, there does not have to be just one Successor Trustee named. Multiple Successor Trustees may be named to serve simultaneously.
How can a trustee be replaced?Tom2017-02-09T14:18:59+00:00