Karen_pdx
Level 4
2 weeks ago
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That could be, but if the trustee no longer wants to act as a trustee, resignation is an option - the trust document may contain provisions for the remaining beneficiary(ies) to appoint a new trustee, or if not, let the beneficiary go to the courts for the appointment of a new trustee. Seems preferable to resign than to do something that could result in fiduciary liability.