What is the name of your state (only U.S. law)? CA
My friend Y as the principal to his living trust may have refused to resign as the principal.
But as a result it now appears that the first successor trustee, the CPA fellow who is also debtor to the trust is now in control of the trust. Can Y's lawyer give control of the living trust to the first successor trustee without going to court and having him declared "incompetent"? A couple doctors said his medical condition will not improve but I did not hear the word "incompetent" mentioned.
My friend Y as the principal to his living trust may have refused to resign as the principal.
But as a result it now appears that the first successor trustee, the CPA fellow who is also debtor to the trust is now in control of the trust. Can Y's lawyer give control of the living trust to the first successor trustee without going to court and having him declared "incompetent"? A couple doctors said his medical condition will not improve but I did not hear the word "incompetent" mentioned.