CA Resignation and Acceptance by Trustee

California Resignation and Acceptance by Trustee

A California Resignation and Acceptance by Trustee allows a current trustee to step down and a successor trustee to formally take over administration of a trust. California law permits a trustee who has accepted a trust to resign only in limited ways, including as the trust instrument provides, with the consent of the person holding the power to revoke a revocable trust, with the consent of the adult beneficiaries of an irrevocable trust, or by court order. The package generally includes the written resignation, any required consent, the successor trustee's written acceptance, notice to beneficiaries, a receipt for delivery of trust property, and an updated Certification of Trust for banks, brokerages, and title companies. A resigning trustee ordinarily remains responsible for trust property until it is actually delivered to the successor, and a change of trustee can trigger notice deadlines, so the trust document and the applicable requirements should be carefully reviewed before the forms are used.

Disclaimer

These forms are provided by Califorms as general-purpose California legal forms for self-help use. They are not legal advice, and purchasing or downloading them does not create an attorney-client relationship. Califorms does not complete, customize, interpret, select provisions for, notarize, witness, file, record, or administer these documents. The customer is responsible for reading the governing trust instrument, completing every entry accurately, and satisfying all signature, notarization, delivery, and notice requirements. Califorms does not guarantee that a completed resignation or acceptance will be accepted by any beneficiary, court, bank, brokerage, title company, or other third party. Trustee resignation, succession, notice, and liability questions are fact-specific, and a qualified California attorney should be consulted before signing.