Petition for Removal of Trustee
Petition for Removal of Trustee
A Petition for Removal of Trustee is a legal document filed with the court to request the replacement of a current trustee. Key elements include:
1. Identification of the trust and current trustee
2. Grounds for removal, such as:
– Breach of fiduciary duty
– Mismanagement of trust assets
– Conflict of interest
– Incapacity or inability to serve
3. Evidence supporting the claims
4. Request for appointment of a successor trustee
5. Notice to interested parties
This petition initiates a legal process to protect the interests of beneficiaries and the trust itself. The court will review the petition, hear arguments from both sides, and make a decision based on the evidence presented. If successful, the court will remove the trustee and appoint a replacement. Filing this petition is a serious step that should be considered carefully, as it can be costly and may impact relationships among trust participants. It’s advisable to seek legal counsel before proceeding with such action.