Successor Trustee Resignation Letter
Description
How to fill out Consent Of Successor Trustee To Appointment Following Resignation Of Original Trustee?
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FAQ
Trustee resignation sometimes occurs prior to the administration of the trust. In this scenario, the named successor trustee should inform the trust administration attorney that they wish to resign and sign a document called Declination to Serve as Trustee.
A resignation is a formal document that needs to be in writing and signed by the trustee but does not need to be notarized unless the trust language requires it.
I, __________________, Trustee of __________________________________ do. hereby resign on _______________ (Date) all of my Trustee responsibilities, rights, title, and any other interest whatsoever I may have or had in this trust or trusts.
In that case, the trustee may resign either by obtaining consent from the appropriate parties or by filing a petition to resign with the probate court. California Probate Code §17200 allows a trustee to petition the court to accept their resignation as trustee.
Appointment of a Successor Trustee Once a resignation is completed, a new trustee must be appointed.