Q: Good afternoon. Is it possible to legally remove yourself from a trust?
A:
Yes, it is possible to remove yourself from a trust in California legally. There are two main ways to do this
Termination of the trust: If all of the trust's beneficiaries have agreed to terminate the trust, the trustee can terminate the trust and distribute the assets to the beneficiaries.
Decanting the trust: If you are the only beneficiary of the trust, you can decant the trust into a new trust. This means that you will be the grantor and trustee of the new trust, and you will have more control over the trust's assets.
Timothy Denison agrees with this answer
A:
Yes, you can renounce the benefits that are designated for you.
You should have this done with the help of an experienced trust attorney.
Timothy Denison agrees with this answer
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