Risks when Co-Trustees will not Cooperate
When co-trustees will not cooperate, the probate court can intervene and remove one or both of the trustees. This is clearly an action that requires the guidance of a knowledgeable probate litigation attorney in California. Since there are many risks when co-trustees will not cooperate, it is important not to delay in taking action.
Examples of the harm that can result include the following:
- First of all, the assets of the trust may be mismanaged if the co-trustees will not cooperate. This can include not agreeing with who is responsible for which tasks or they may be neglected entirely.
- Furthermore, the accounting of the trust may be inaccurate or delayed as a result of the inability of the co-trustees to work together.
- Beneficiaries may have to wait longer to receive their inheritance than was intended under the terms of the trust.
- Trust assets may be wasted if the duties of trust administration are not carried out as efficiently as they could be if co-trustees work well together.
- Communication between the co-trustees and beneficiaries may be harmed when the co-trustees will not cooperate.