A trustee has a fiduciary role in administering a trust, with many obligations not only to the trust but also to its beneficiaries. When a trustee has not fulfilled their duties to the estate and its beneficiaries, it may become necessary to step in and request that the trustee be replaced by a successor to complete the proper administration of the trust.
Common unfulfilled duties of a trustee include:
- Filing of any necessary documents with the court.
- Sending notifications to beneficiaries and interested parties.
- Keeping an accurate accounting of trust assets and expenses.
- Inventorying and appraising of all assets.
- Completing and filing decedent and estate taxes.
It is important to be cautious when seeking removal of a trustee, and legal counsel is essential. There are multiple reasons to have a trustee removed, but this is not the first solution to be sought as this may cause further delays in the administration and other complications. We have worked with many individuals and families to seek remedy for improper administration by a trustee, and we are ready to do the same for you.
Our team at The Boutique Law Group is ready to assist trustees and beneficiaries with all issues related to trust administration and litigation, keeping the best interests of the trust, its beneficiaries and our clients at the center of our work. Contact us today to see how we can help you.