Legal Question in Wills and Trusts in California
Can a court appointed Sucssr Trste be replaced?
Benfcrs had to pick Suc Ttee for dcsd Mtrs Lvng Trst. Crprt TTEE named. Per terms of trst it says Benfcrs may all agree to replace TTEE and do so by writing letter. If crprt ttee is chsn they must have at least $50 M. My question is do we still have the right to change ttee's after apptng a corporate ttee? The corporate ttee does not pay attn to benef's needs and have total discresionary powers of distribution. Trustor put extreme constraints on one benef, lmted two others and one get it trust free. What could be done? Trustor was depression era mindset and wrong impressions of benef's.
1 Answer from Attorneys
Re: Can a court appointed Sucssr Trste be replaced?
yes.You need to have an attorney look at the documents in the court file and the trust documents to determine how to proceed.