Estate Planning Red Flag – Your trust doesn’t provide for removal of a trustee
Abstract: To ensure that a trust operates as intended, it’s critical to appoint a trustee that can be counted on to carry out a person’s wishes. But to avoid protracted court battles in the event things don’t work out as planned, it’s a good idea to give beneficiaries the right to remove and replace a trustee. Without this option, beneficiaries’ only recourse would be to petition a court to remove the trustee for cause. This brief article lists grounds for the removal of a trustee.