Can an executor of a trust be removed?

Can you remove an executor of estate? Yes, you can remove an executor of estate under certain circumstances in California. California State Probate Code §8502 allows for the removal of an executor or administrator when: They have wasted, embezzled, mismanaged, or committed a fraud on the estate, or are about to do so.

Who is the executor of a living trust?

The ‘Executor’ of a Trust – The Trustee. The person who serves as the “executor” of a living trust is called the successor trustee. Most of us are at least vaguely familiar with the role of executor of an estate.

What are the duties of an executor and trustee?

The executor (sometimes referred to as executrix for females) is responsible for managing the affairs of and settling the estate, including initiating court procedures and filing the deceased’s final tax returns. The trustee acts as the legal owner of trust assets, and is responsible for handling any…

Can a sister be the executor of an estate?

In the case of an estate, the primary job of the executor is to identify all of your mother’s assets, ascribe a value to them and carry out the provisions of the will (if there is one or, if not, then the specific state intestacy laws). If there is no will, your sister would be known as an administrator rather than an executor.

Who is named successor trustee and executor of will?

In many situations, the same person is named as both successor trustee of the trust and executor of the will. If two different people are named to these jobs, they must work closely together.

Who is the executor of my mother’s estate?

Your mother told you that she named you in her Will as Executor of her estate. She trusts your judgment on financial and family matters. Now your mother has died and you ask, “Why me?

In many situations, the same person is named as both successor trustee of the trust and executor of the will. If two different people are named to these jobs, they must work closely together.