Can a Florida Trustee Resign?
Yes, a Florida trustee may resign under the trust instrument procedure with notice to the cotrustees, or if none to an accepting successor, or if none to those who may appoint a successor. The trustee may also resign on at least 30 days' notice to the qualified beneficiaries, the living settlor, and all cotrustees, or with court approval.
Trustees sometimes need to step down because of age, conflict, relocation, or other reasons. Florida trust law allows resignation under the trust's own procedure with the notice described above. Even when the trust terms say otherwise, a trustee may resign on at least 30 days' notice to the qualified beneficiaries, the settlor if living, and all cotrustees, or may resign with the approval of the court.
When the court approves a resignation, it may issue orders and impose conditions reasonably necessary to protect the trust property. Resignation does not by itself wipe out liability of the resigning trustee, or of sureties on the trustee's bond, for acts or omissions that occurred while the trustee served.
Trustee duties to beneficiaries continue until a proper transition is completed, and those duties are summarized in what duties a Florida trustee owes to beneficiaries. Required information for beneficiaries is covered in what information a Florida trustee must give a beneficiary.
This post is for informational purposes only and does not constitute legal advice or create an attorney-client relationship. A licensed attorney in the relevant jurisdiction should be consulted for advice tailored to specific circumstances.
References
News
- Brevard County Consent Item F.11: Workforce and Supportive Housing Trust Fund Policy on November 10
- Titusville Ordinance 30-2026: City Council Rehearing on Farm Land Rezoning at 1915 N Singleton Avenue on November 10
- Treasury and IRS Designate Over 6,500 Opportunity Zones Effective January 1, 2027
- Brevard County Consent Item F.24: Agricultural Classification and Use-Based Tax Exemption Renewal Waiver on November 10
- IRS Raises 2027 Estate Tax Exclusion to $15.48 Million and Gift Exclusion to $20,000
- Brevard County Planning and Zoning Board Case 26Z00042: Chamberlan Terrace Rezoning From BU-1 to SR on November 16
- Palm Bay City Council Consent Item 5: Zone A Septic to Sewer Design Contract for Highland Shores Estates on November 5
- DOL Pharmacy Benefit Manager Fee Disclosure Rule Takes Effect January 4, 2027
- North Merritt Island Dependent Special District Board Cases 26SS00011 and 26Z00040: 160 Grant Road Rezoning to Suburban Residential on November 12