Switcheroo: Can a Trustee be Changed After the Trust Becomes Irrevocable
Attorney Stewart Albertson discusses whether a trustee can be changed after a trust is irrevocable.
Transcript
[Music] Hi this is Stuart Albertson with Albertson in Davidson the question is can a trustee be changed after the trust is irrevocable in other words after mom and dad are passed on and the trustees accepted office can you change out that trustee for another trustee and the answer is yes you can if the trust terms allow it in fact most trust terms do allow the trustee to change from the original trustee to a successor trustee if everyone is in agreement so as long as everyone is in agreement you can change from one trustee to another now in practicality most trustees don't want to give up their office as trustee and in those cases you'll have to try to remove them which is a much more difficult thing to do but for the purposes of this video certainly if a trustee original trustee is ready to step down and it wants a successor trustee to take over and the trust terms allow it it's perfectly acceptable. [Music] [Applause] [Music]