I have a Irrevocable A/B Trust, my husband passed away and I am the Trustee. I am ill and dying, back in 1994 when my husband and I set up this Trust we choose 2 of our children to share as co-trustees when the last one of us is to pass. One of my children that is named as a co-trustee has become a alcoholic and I feel that his drinking will become a nightmare for my other child. Is there a way I can change this and have him removed as co-trustee? I am even willing to have him enter a treatment program and have his problem monitored by professionals until the time he can be responsibile to help my other child with this duty.
3 Answers from Attorneys
You should be able to amend as to your Trustee, see an attorney right away. There are ways to do this.
There should be a way to amend it--even if the "B" side is restricted, there are probably ways to accomplish your goal and protect all parties, so contact an attorney to review the trust and discuss the best way to proceed.
Depending on the terms of your trust you should be able to amend it to remove your one child as trustee over one or both halfs of the trust. You should consult with the attorney that prepared the trust, or if he/she is unavailable another attorney, as soon as possible.
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