When a Trustee Goes Bad: Removal of a Trustee
Trustees play a critical role in trust administration. Settlors, or creators of the trust, give trustees legal title and management authority over the settlor’s property for the benefit of the beneficiaries. An unruly trustee could improperly deplete the trust property and leave nothing for the beneficiaries. Florida recognizes the importance of the trustee’s role and has numerous statutes regulating trustees and protecting beneficiaries. The provisions include, but are not limited to:
- The trustee shall administer the trust in good faith, in accordance with its terms and purposes and the interests of the beneficiaries, and in accordance with the Florida Trust Code. 736.0801, Fla. Stat. (2006).