A trustee is supposed to protect trust assets for the benefit of the beneficiaries. But when a trustee fails to fulfill their responsibilities, whether they have breached their fiduciary duty or are mismanaging assets, removing them as soon as possible is crucial to protecting the trust and safeguarding your inheritance. But when facing litigation, many beneficiaries wonder: How much does it cost to remove a trustee? This depends on your situation, but Gokal Law Group, Inc., can increase your chances of being reimbursed for legal fees from the trust. Where a beneficiary is successful is removing a trustee for breach of trust, the beneficiary can seek reimbursement from the trust.
Gokal Law Group has successfully obtained the suspension and removal of countless trustees that were mishandling trust assets or treating trust beneficiaries unfairly.
How Much Does it Cost to Remove a Trustee?
It’s very difficult from the outset of a case to estimate exactly how much it is going to cost to remove a trustee? Several factors could come into play. First, we have to assess the strength of the evidence supporting the removal action. It also will depend on how aggressively the trustee will fight and challenge the removal efforts. For example, a trustee may agree to step-down, in which case the cost will be nominal. On the other hand, a trustee may aggressively challenge the removal efforts, incurring significant costs in pre-trial discovery and at trial.
Our firm has been successful in getting trustees temporarily suspended through court order. This is usually accomplished where there is significant available evidence of wrongdoing and harm to the trust by the trustee. Without access to trust funds, trustees are more willing to come to a reasonable settlement and voluntarily agree to removal.
Where a court orders the removal of a trustee after trial, the court may assess damages against the trustee. Where a trustee is also a beneficiary, the court could surcharge the beneficiaries’ interest in the trust.
Gokal Law Group focuses its practice on trust and estate litigation. The lawyers at our firm can determine if you have a case worth fighting to remove a trustee.
With an attorney on your side who has the resources, network, and expertise to compile evidence, present a strong argument, and get expert witness testimony, removing a trustee can protect your inheritance.
“Every case is different, so the fees associated with removing a trustee can vary substantially. Ultimately, what matters most is ensuring you have a strong argument, the right evidence, and expert representation in court.”
– Harry Wallace, Partner, Gokal Law Group
Do You Need Help Removing a Trustee? Contact Us Today.
So, how much does it cost to remove a trustee? The cost of removing a trustee depends on your specific situation. Ultimately, the best course of action is to contact an attorney as soon as you suspect that the trustee is no longer fit for the role. An experienced trust litigation law firm can review your case, advise you on your legal options, and build a strong case to secure the best possible outcome..
Schedule a consultation to remove a trustee and safeguard your inheritance.
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