Mutual Funds






America's Fastest Growing Independent Financial Advisory Network
A Nationwide Network of 100% Independent & 100% Objective Fee-Only Financial Advisers

Picture of The-Adviser The-Adviser.com The place to come for answers™
How do I remove a trustee?
By The-Adviser.com -   

Money Management
Portfolio Reviews
401(k) Rollovers

Financial Plans
Estate Plans
College Savings
Clients Only

Available Services
"Interview Us"
Fee Information

The Press


Home Page

Related Links

Stock Quotes

New York - It is not uncommon for individuals to be upset at their trustees or just plain dislike them. Perhaps the trustee has raised fees, held back distributions or is not investing the trust's assets appropriately.

There are things you can do if a trustee - whether it is a financial institutes, a trust company of an individual has failed to fulfill the terms of the trust. We recommend the following:

  • Read the trust to determine if it has a "trust removal" clause. The burden to remove a trustee is generally on the beneficiary so make sure that you have you facts documented.

  • Look for an ancillary-fee agreement which allows beneficiaries to remove trustees if they raise fees without the consent of the beneficiaries and without justified cost.

  • Ask. Although it may sound too good to be true, it sometimes works. This may include writing letters to financial institutions CEO's, the comptroller of the currency, the state banking commission and local news reporters.

  • Consider paying the trustee to leave. Generally - financial institutions and individuals do not want to pay in a situation that is uncomfortable. Some banks will take an additional 1% fee to walk away.

On a last resort - we recommend contacting an attorney in your state.

An independent Fee-Only financial adviser can help you review your existing trustee's performance and determine what if any steps you can take.

About Us
The Independent Adviser Corporation is a 100% Independent and 100% Objective Financial Advisory Firm that writes buy-side investment research. Our network of independent Fee-Only Financial Advisers serves individuals, families and businesses. They provide financial planning services, tax advice and offer professionally managed asset accounts. They do not underwrite corporate securities nor do they sell any proprietary products. To find out more or get a FREE consultation Ask The-Adviser.com or call 1-800-ADVISER.


In Association with Amazon.com

Read your trust agreement carefully. 

Then get professional help. 

Got an investment question?
Ask The-Adviser.com

Open a professionally managed account:

  • Brokerage Accounts
  • Traditional IRAs
  • Roth IRAs
  • 401(k) IRA Rollovers
  • 403(b) IRA Rollovers
  • College Savings
  • Retirement Savings

Top Ten Investment Picks

Financial Advisory Services
Money Management
Retirement Planning
Portfolio Reviews
401(k) Rollover Assistance
College Savings
Financial Plans

In Association with Amazon.com

You don't need to be rich to hire a Financial Adviser. Just Smart

The Independent Adviser Corporation is a Registered Investment Adviser that specializes in helping individuals, families and businesses develop investment and financial planning strategies.
Click here to learn more about our Fee-Only services

Do you have a question about your investments?
Ask The-Adviser.com

America's Independent-Adviser.

© Copyright. The Independent Adviser Corporation.  All rights reserved. Important Legal Information