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What does substitution of trustee mean?

In: Property Law, Literature & Language, State Laws, Real Estate [Edit categories]

Answer:

Replacing the trustee with another for some reason; maybe the trustee gets old and finds the job burdensome. There might be another trustee named in the document as authorized "..in the event first trustee resigns." I'm no lawyer, but I guess you could petition the court for a replacement trustee if you could prove the trustee was not following the lawful trust instructions or something.

First answer by Skylark04. Last edit by Skylark04. Contributor trust: 66 [recommend contributor ]. Question popularity: 2 [recommend question].

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