In some ways, serving as a co-trustee of a trust is similar to being in a marriage. The co-trustees must work together for the benefit of the beneficiaries, without benefiting any one beneficiary over another. Unlike most marriages, however, trustees often find themselves working together without the benefit of having known each other for an extended period of time. The result can be co-trustees who simply cannot get along.
Fortunately for the beneficiaries of a trust, the San Diego probate court can remove a trustee under these circumstances—if the relationship between the co-trustees could potentially harm the trust. What should you do if you find yourself in such a situation?
Consider taking the following actions:
- Contact an experienced San Diego probate litigation lawyer for guidance. Time is of the essence because the assets of the trust may be at risk.
- Obtain a copy of the trust.
- Gather copies of all communication relating to the trust.
- Obtain copies of all inventories and accounts.
- Document examples of how the inability of the co-trustees to work together has harmed, or will harm, the assets of the trust.
After taking these steps, your attorney can help you begin the process of pursuing a trustee removal. Taking these actions is vital to protect the assets of the trust. It also ensures you don’t lose the ability to bring a lawsuit due to a statute of limitations problem. Our article, “Riverside Trust Attorney Explains Why to Pursue Trustee Mismanagement,” outlines the benefits of seeking legal action under these circumstances.
To learn more about what to do when co-trustees are unable to get along, contact a San Diego probate court litigation attorney today. Call our office at (888) 443-6590 for a consultation.
AttorneyThe Grossman Law Firm, APC · 525 B Street, Suite 1500, San Diego, CA 92101 · (951) 523-8307