How do I remove a trustee?

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	How do I remove a trustee? By The-Adviser.com -
SERVICES Money Management Portfolio Reviews 401(k) Rollovers Retirement Financial Plans Estate Plans College Savings Clients Only WHY US Benefits Available Services "Interview Us" Fee Information Disclosures Applications THE COMPANY Background Philosophy The Press Policies Opportunities LINKS 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.	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
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