Texas Certificate of Resignation of Trustee
Description Resignation Certificate
How to fill out Irrevocable Resignation Letter?
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Trustee Resignation Letter Format Other Form Names
Trustee Resignation Letter Template FAQ
California's Probate Code does allow you to resign from being a trustee by certain methods.If the trust is irrevocable, you need to have the consent of all of the adult beneficiaries of the trust in order to resign. The law also allows you to petition the court to accept your resignation as trustee.
When a Trustee resigns, they must still act in the best interests of the Trust and the Trust beneficiaries. That means the Trust assets must be managed prudently while a new Trustee is selected. Further, the Trustee is required to provide an accounting to the Trust beneficiaries upon resignation.
A person appointed as trustee does not have to accept the appointment. He or she can decline to serve, usually by written instrument. After appointment and acceptance, a trustee may resign, generally only by a written instrument. A trustee may also be removed according to the terms of the trust or by court action.
Resignation is typically done by giving written notice to the beneficiaries and to the successor Trustee. The successor Trustee should receive the resignation so that he or she knows that it's their turn to manage the Trust estate.
I regret to inform you that I will be resigning from my position on the board of trustees. I am handing in this resignation due to personal reasons and it will come into effect immediately. Please accept this letter as my official notice of immediate resignation.
1 attorney answer Follow the terms of the Trust. Typically, a letter of resignation will suffice but Trust terms control unless silent. No recording or notary is specifically required either, but a notarization of the resignation certainly wouldn't hurt at all...
California's Probate Code does allow you to resign from being a trustee by certain methods.If the trust is irrevocable, you need to have the consent of all of the adult beneficiaries of the trust in order to resign. The law also allows you to petition the court to accept your resignation as trustee.