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The old trustee has been removed . Can the old trustee still write checks from the trust account , which has been opened by him and still holds the funds. Can the new trustee to wire the assets from the trust account opened by the previous trustee to the new trust account ? The old trust account was opened in New York, the new trust bank account was opened in California
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The old trustee shouldn't continue to operate as trustee. But the bank needs to be immediatley notified that he has been removed. Hopefully there's a branch of the NY bank in California. If so, go into that bank with the documentation about the trustee's removal and your appointment. They should then put your name on the account instead of the prior trustee. After that, you can move the funds where you want.
Answered on Nov 06th, 2017 at 7:47 AM