Request a Trustee to step down

Anewhome2016

My child a minor has inherited from his Grandmother. His 2 cousins are Executors/ Trustees 
one of them I love dearly the other I have have no relationship with since the death of my Mum and his behaviour. 

Going forward I don’t wish to have anything to do with him now or for the next few years. 

Can he resign as a Trustee and possibly my husband, sister or myself take his place?
We at at the final stage of distributing the estate. I as parent/guardian have not signed the form agreeing with the accounts yet.

Keep_pedalling

Most executors would hand over this responsibility to the parents on winding up the estate, so why not just ask them to do so?

Anewhome2016

One of them would be absolutely happy to. The other refuses. I really don’t want anything to do with him now or in the future. It won’t change. 

If I don’t sign the solicitors letter agreeing with the accounts then apparently none of the other beneficiaries including him will receive their inheritance. 

Keep_pedalling

You may not want anything to do with this person, but you also need to look after the best interests of your child. What I would do in this situation very much depends on the amount of the inheritance and the age of the child. 

As for the signing off the accounts that sounds like pure BS. 

SevenOfNine

'Signing off' isn't a required action for beneficiaries to receive their legacy.

Do you have a problem with the accuracy of the accounts, or only with the appointment of one of the trustees of your child's inheritance?

You clearly have a good relationship with the other one, so presume he'll be equally as involved, both acting jointly (with neither able to act severally), with any/all actions & decisions relating to your child's inheritance, so you can be confident it's safely invested?

Makes things difficult if you might have wanted monies released early to maybe pay for things that might benefit the child (help with education etc), but at the end of the day as long as it's held safely until the trust ends, there's not much need to communicate with BOTH trustees. The one you are close to can keep you appraised regularly.

I'd imagine there must be ways & means to have irresponsible trustees removed through a legal process though, if that's what you think he is. Time & costs with a solicitor.

Sea_Shell

Do the trustees have to act jointly?

If so, then you can correspond and deal with the one you DO have a relationship with, as hopefully they wouldn't sign off on anything "dodgy" in respect of the trust without keeping you fully informed.

The problems could arise if they can act severally, as we've read before of the worst case scenarios when "trust" has been placed in a trustee who goes rogue!!

Have a read of this thread!!

https://forums.moneysavingexpert.com/discussion/6263382/beneficiary-turned-18