Resignation and Removal of Trustee

Question 1

Resignation

Answer 1

Requires 30 DAYS’ NOTICE to interested parties

Can be done by court approval

Question 2

Removal

Answer 2

By COURT: trustee incapable of performing, material breach, conflict of interest, conflict between trustee and beneficiary, or poor trust performance

By BENEFICIARY: Petition to court for removal of corporate trustee when change in control of corporate trustee after fate of execution of trust