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What if the beneficiary wants a sole trustee to resign and
What if the beneficiary wants a sole trustee to resign and the sole trust wants to resign and they agree on everything, and the successor trustee renounced himself in the past but is still an independ… read more
DamienJD
DamienJD
Attorney
Doctoral Degree
5,904 satisfied customers
I am going to do my best to articulate this complicated, but
I am going to do my best to articulate this complicated, but simple story to get to my question. My son is beneficiary to his father's entire trust. Behind our backs is his Aunt took the trust from a … read more
LegalGems
LegalGems
Juris Doctorate
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I got a refusal from a company trustee to resign. I asked
Hello, I got a refusal from a company trustee to resign. I asked them nicely with a list of very good reasons. So now I wrote this, would you be able to help with reviewing it and take out the emotion… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
50,175 satisfied customers
I am in a position to either appoint myself as a sole
I am in a position to either appoint myself as a sole trustee or hire someone to be co-trustee. When you hire a corporate co-trustee do you both have the exact same powers?… read more
RayAnswers
RayAnswers
Attorney
Doctoral Degree
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I need someone who knows about trustees. A sole trustee
Hello, I need someone who knows about trustees. A sole trustee moved my sons trust from a world renowed investment firm to a state bank and doesn't have the kind of experience as Morgan stanley has. A… read more
LegalGems
LegalGems
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This is platz again, My new question to you is that does a
Hi this is janet platz again, My new question to you is that does a person need a co-trustee that states" successor Trustee, in the event of the death, disability, resignation, faiure or refusal to ac… read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,058 satisfied customers
Dirk Albrecht. Successor Co-Trustee rights , My mom who
Customer: Dirk Albrecht. Successor Co-Trustee rights … read more
LegalGems
LegalGems
Juris Doctorate
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I agreed to become a trustee real estate trust a year ago. I
Hi, I agreed to become a trustee for a real estate trust a year ago. I now want to resign. The trust document clearly stated i could resign at any time and it also named a successor. I dont have a cop… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
My father placed s business partnership and insurance
My father placed his business partnership and insurance policies in a conduit trust. He is the trustee. At 95, he is no longer able to make the business decisions required for his partnership or perso… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
There are two pages to an irrevocable trust. The second page
There are two pages to an irrevocable trust. The second page has only one paragraph explaining the process of successorship ie a list is to be agreed upon by current trustees and agreed to annually. T… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
My mother placed property in an revocable trust prior to her
My mother placed property in an revocable trust prior to her death. She named two of her 5 children as trustees (all 5 are also named beneficiaries in trust). Now, 1 of the trustees is stepping down a… read more
Richard
Richard
Owner
Doctoral Degree
50,781 satisfied customers
Who determines the conditions of a successor trustee? Can
Who determines the conditions of a successor trustee? Can the trustee be one of the beneficiaries and do they have to live in the same state or town as the grantor lived?… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
High trustee fees and nursing home costs have dissipated the
High trustee fees and nursing home costs have dissipated the assets in a revocable trust to the point where the trustee finally agreed to resign and appoint the conservator as successor trustee. The t… read more
Barrister
Barrister
Attorney
Doctoral Degree
5,908 satisfied customers
If the Grantor and the Trustee of a trust are the same and
If the Grantor and the Trustee of a trust are the same and the person passes, then the beneficiaries need to select a new trustee to the trust. Is there a legal form that can be filled out by the bene… read more
Loren
Loren
35,899 satisfied customers
Can I set up an revocable trust for a C-corp in which the C-corp
Can I set up an revocable trust for a C-corp in which the C-corp is the grantor and also the beneficiary? Someone told me a trust can only bet set up for a real person, not a corporation. I doubt it. … read more
Thomas McJD
Thomas McJD
Attorney
Doctoral Degree
3,170 satisfied customers
Question is for FLORIDA jurisdiction. A bank is Trustee of
Question is for FLORIDA jurisdiction. A bank is Trustee of an irrevocabel trust and wants to resign as Trustee. The Trust does not name a successor trustee. FL statute(NNN) NNN-NNNNstates trustee may … read more
Phillips Esq.
Phillips Esq.
Attorney
JD
21,058 satisfied customers
California AB trust, wifes adult child from previous marriage
California AB trust, wife's adult child from previous marriage named as final successor trustee. Wife dies, husband amends trust to name his adult child as successor trustee. Husband dies. Question is… read more
socrateaser
socrateaser
35,655 satisfied customers
A CA revocable Trust now irrevocable due to death of last settlor We
A CA revocable Trust now irrevocable due to death of last settlor We have a trust instrument with general power of appointment per IRS code. No specific power for settlor to appoint a trustee. Specifi… read more
socrateaser
socrateaser
35,655 satisfied customers

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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