Section 706: Removal of trustee
208 words·~1 min read·
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Section 706. Removal of trustee
(a)The settlor, a co-trustee or a beneficiary may request the court to remove a trustee or a trustee may be removed by the court on its own initiative.
(b)The court may remove a trustee if:
(1)the trustee has committed a serious breach of trust;
(2)there is a lack of cooperation among co-trustees that substantially impairs the administration of the trust;
(3)because of unfitness, unwillingness or persistent failure of the trustee to administer the trust effectively, the court determines that removal of the trustee best serves the interests of the beneficiaries; or
(4)there has been a substantial change of circumstances or removal is requested by all of the qualified beneficiaries, the court finds that removal of the trustee best serves the interests of all of the beneficiaries and is not inconsistent with a material purpose of the trust and a suitable co-trustee or successor trustee is available.
(c)Pending a final decision on a request to remove a trustee, or in lieu of or in addition to removing a trustee, the court may order such appropriate relief under subsection
(b)of section 1001 as may be necessary to protect the trust property or the interests of the beneficiaries.