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The document is a formal notice of resignation from a Trustee named in a Trust Instrument, addressed to the Beneficiary and Trustor. It states the Trustee's intention to resign, specifies the effective date of resignation, and outlines that all duties will cease except for the duty to account as per the Trust Agreement.

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2020	4.3 Satisfied (36 Votes)

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What is the trustee resignation clause?

Prior to a Change in Control, the Trustee may resign at any time by written notice to the Company. The resignation shall be effective sixty (60) days after receipt of the notice unless the Company and the Trustee agree otherwise.

How do I write a letter of resignation as a trustee?

Dear Members of the Board, I am writing to formally submit my resignation as [Position] on the Board of Trustees of [Institution Name], effective [Resignation Date]. It has been an honor to serve on the Board of Trustees and contribute to the institutions mission over the past [length of time].

Can you remove yourself as a trustee?

California Probate Code 15640 only allows a trustee to resign as trustee using specific methods, so in some situations, offering a resignation letter will not be enough. If you wish to resign as the trustee of a trust, you should consult with an experienced trust attorney to ensure your resignation is effective.

How do I resign from being a trustee?

Typically a notarized resignation is sufficient. The Trust itself can also have a clause describing how a Trustee must resign (for example, providing notice and to whom). But yes, once resigned the successor Trustee would become the new Trustee unless the Trust specifies another method of appointing the new Trustee.

How to get out of being a trustee?

If you want to decline to serve as trustee, complete and sign a declination to serve as trustee document and deliver it to the successor trustee. Consultation with a trust administration attorney in your area would be adviseable.

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Can a trustee remove himself?

As long as there are enough trustees remaining then the trustee can simply retire or else they can appoint someone else in their place before stepping down.

Does a trustee resignation need to be notarized?

The method by which a trustee resigns is typically by executing a simple writing saying they are resigning as trustee and delivering such to either the next trustee or the next trustee and the beneficiaries. A notary is often recommended but not explicitly required.

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