Who can be a trustee is one of the most common questions a trust lawyer hears. The answer to that question depends on a number of factors.
- First, you have to look at the trust document to see who is named in the trust as a trustee or successor trustee.
- Next, you have to determine, if a successor trustee is willing and able to act.
- If there is a vacancy in the office of the trustee, the trust document usually determines how a new trustee can be appointed. If the trust document is silent as to a method of picking a successor trustee, then the interested adult beneficiaries can nominate someone to act.
- If a person is to act as a trustee but has not been named as a trustee in the trust, he/she must post a bond to become a trustee.
- There are many times where we fill the office of the successor trustee for our clients.
- You may want to consider hiring a Los Angeles Private Trustee or Professional Fiduciary since sometimes that allows litigants to resolve matters faster. Talk to us about getting a new trustee and replacing a trustee.
Ask us how to pick a new trustee for a trust, or fill a vacancy in the office of the trustee. Call Mina Sirkin, a specialist trust attorney assisting clients with the selection of private trustees in Los Angeles. call 818.340.4479