Can a successor trustee resign from a Trust?
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Can a successor trustee resign from a Trust?
There is an ex-wife who is suing for the pro se children. We just want to give the monies to her without going through a long drawn out court case where she will sue for damages and more monies.
Asked on September 29, 2016 under Estate Planning, Florida
Answers:
M.D., Member, California and New York Bar / FreeAdvice Contributing Attorney
Answered 8 years ago | Contributor
Either a trustee or successor trustee can resign or "renounce" their duties and request that another to be appointed in their place. Although each state's laws differs but here is a link to a site that will generlly explain further:
https://law.freeadvice.com/estate_planning/trusts/trustee-resign.htm
After reviewing this information, you can google for state specific procedures regarding resignation, contact the probate court in the county with jurisdiction or consult directly with a local probate law attorney.
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