Resignation and Removal of Trustee

Question 1

What are the rules regarding a trustee being able to resign?

Answer 1

Rules
-> 30 days’ notice to qualified beneficiaries, living settlor, and co-trustees, OR by court approval

Question 2

When can a trustee be removed?

Answer 2

A removal can be by court due to
-> trustee being incapable of performing or materially breaching duty,
-> conflict of interest,
-> conflict between trustee and a beneficiary,
OR
-> poor trust performance