Thursday, January 24, 2013

Free Legal Question: Wills and Trusts | California | Two trustees on ...

You will likely need to meet with a lawyer to accomplish this.

If all the trustees and all the beneficiaries are in agreement, and the trust document does not raise any special barriers, then the process is relatively easy. You must make sure to comply with all formalities, however, to ensure that it is done correctly. A failure to correctly handle the change may cause problems later on when handling major transactions involving the trust.

Note that the process of officially appointing the new trustees may require court approval to be effective. Again, you need to consult with a lawyer to be sure you know what to do.

Source: http://www.lawguru.com/legal-questions/-/trustees-living-trusts-removed-trust-294592173/

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