Petaluma, CA asked in Estate Planning for California

Q: requirements for a grantor trustee of a Revocable living trust She resigns To a new successor trustee

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1 Lawyer Answer
Chris M. Bradford
Chris M. Bradford
  • Estate Planning Lawyer
  • Santa Monica, CA
  • Licensed in California

A: As you probably know, the "Grantor" is the person who created the trust, wrote the trust. The "Trustee" is the person who follows the instructions in the trust. Yes, a Trustee may resign. The procedure for how to resign is stated in the trust. The resignation must be done in the proper form, in the proper way. It must be done in writing. If a trustee resigns, then the Trustee next in line becomes the Trustee. To understand what powers a Trustee has, you need a consultation with a trust attorney who needs to look at this particular trust. All trusts are not the same. The trust you are talking about must be read by a professional to explain it to you.

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