Trusts have become ubiquitous parts of estate plans. Many Estate Plans use revocable trusts as the foundation for the plan while others include irrevocable trusts. Regardless of the planning reason, every trust needs a trustee. The grantor may name the beneficiary as trustee, or the grantor may name another individual or entity as trustee, creating a natural tension between the beneficiary and trustee. If the tension becomes too great, the beneficiary may seek to have the trustee removed. As expected, the avenues for removal depend upon the trust instrument itself, as well as any statutory remedies available. Read on to learn more.
Elizabeth Neyens currently practices in Woodbury, Minnesota, primarily in the areas of estate planning and, probate, which are two areas that involve family transitions, challenging circumstances, thoughtful decisions, and careful planning.Elizabeth aims to be not only a legal advocate, but also a calming influence.
Latest posts by Elizabeth Neyens (see all)
- The Lessons from Lisa Marie - March 2, 2023
- What Happens When You Don’t Trust Your Trustee – Part I - February 22, 2023
- The Importance of Having an Estate Plan - February 1, 2023
