Attorney Scott Grossman explains that a settlor nominates successor trustees in order. If no nominated trustees are able to serve, a beneficiary can nominate someone, including himself. A petition must be filed in probate court so the newly appointed trustee can work with financial institutions to carry out the terms of the trust.
Scott Grossman
Attorney
The Grossman Law Firm, APC · 525 B Street, Suite 1500, San Diego, CA 92101 · (951) 523-8307