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  2. I'm a Trustee. Can I Remove a Beneficiary From a Trust? - AOL

    www.aol.com/trustee-remove-beneficiary-trust...

    Beneficiaries may seek the removal of a trustee if they believe the trustee has committed a breach of fiduciary duty. For example, say that the beneficiaries believe the trustee is siphoning ...

  3. Estates and Wills: Should You Set Up a Revocable or ... - AOL

    www.aol.com/estates-wills-set-revocable...

    The grantor can transfer assets into and out of the trust, modify the terms of the trust, and change the trustee, successor trustee and beneficiaries at any time.

  4. United States trust law - Wikipedia

    en.wikipedia.org/wiki/United_States_trust_law

    In an irrevocable trust, the trust instrument may, in some instances, grant the beneficiaries a power to remove a trustee by a majority vote. Absent this provision, in most UTC jurisdictions, other co-trustees or beneficiaries can remove a trustee only by court action. [25] However, the threshold for removal under the UTC is not substantial.

  5. Can I Change the Trustee on a Revocable Trust? - AOL

    www.aol.com/finance/change-trustee-revocable...

    Trustees play a vital role in the management and direction of revocable trusts. However, sometimes trustees need to be removed and replaced. While some trusts can be easily amended to change ...

  6. Trust (law) - Wikipedia

    en.wikipedia.org/wiki/Trust_(law)

    Sometimes, a power of appointment is given to someone other than the trustee, such as the settlor, the protector, or a beneficiary. 'As Trustee For' (ATF): This is the legal term used to imply that an entity is acting as a trustee. Beneficiary: A beneficiary is anyone who receives benefits from any assets the trust owns.

  7. Testamentary trust - Wikipedia

    en.wikipedia.org/wiki/Testamentary_trust

    the beneficiary(s), who will receive the benefits of the trust; Although not a party to the trust itself, the probate court is a necessary component of the trust's activity. It oversees the trustee's handling of the trust. A testamentary trust is a legal arrangement created as specified in a person's will, and is occasioned by the death of that ...

  8. What Do My Beneficiaries Need to Know About Trusts & Money? - AOL

    www.aol.com/does-beneficiary-money-trust...

    Grantors can alter the beneficiaries throughout their lifetime and change the terms with this type of trust. However, with an irrevocable trust , typically, the grantor cannot alter the terms of ...

  9. Beneficiary (trust) - Wikipedia

    en.wikipedia.org/wiki/Beneficiary_(trust)

    beneficiaries under a bare trust (including a constructive or resulting trust), to whom the trustee owes basic duties arising by law; and; beneficiaries under an express trust (either an inter vivos trust or a testamentary trust), where the trustee owes additional duties and has additional powers specified by the trust instrument.

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