Reasons the Probate Court in Texas can replace a trustee
14. List 5 reasons the Probate Court in Texas can replace a trustee. 15. List 3 ways a person named as trustee can decline or disclaim the position. Give 3 brief examples. 16. List 3 ways a person named as trustee can accept the position. Give 3 brief examples. 17. What does it mean for a trustee to be removed? List 5 reasons a trustee can be removed and give a brief example of each. 18. What are duties of a trustee? List 6 duties and give a brief example of each. 19. What are powers of a trustee? List 5 powers and give a brief example of each. 20. What is the difference between powers and duties? 21. What is a conflict of interest in a probate case? Give a brief example. 22. How can a trustee be held liable if they are found to have breached their fiduciary duty to the beneficiaries? List 4 ways they can be held liable. 23. How can a trust be terminated? List 3 reasons. 24. What is merger and why is it so important in trusts? 25. What is an express trust and what are the necessary elements? 26. What is a private trust and what are the necessary elements?
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