What is a trustee removal clause?
A trustee removal clause is a legal clause in North Carolina inheritance law that allows trustees to be removed from a trust upon the occurrence of specific events or conditions. Generally, this clause outlines a certain set of criteria that must be met before a trustee may be removed. For example, a clause may state that a trustee may be removed if they fail to carry out their duties as outlined in the trust document or if they engage in dishonest or unethical activities. The clause may also specify that a trustee may be removed only with the consent of co-trustees or all beneficiaries of the trust. Additionally, the clause may require that the trustee be replaced by another trustee approved of by the other trustees or beneficiaries of the trust. A trustee removal clause is an important feature in North Carolina inheritance law, as it allows trustees to be replaced if they are acting inappropriately or are unable to fulfill their duties.
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