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201605747
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Last modified
7/3/2017 5:40:35 PM
Creation date
9/2/2016 10:45:43 AM
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DEEDS
Inst Number
201605747
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Page 7 of 15 <br />20160574' <br />Trustee Death or Resignation <br />25. A Trustee may resign at any time for any reason upon at least 30 days' notice to the Grantors, if <br />any of the Grantors are still alive and not incapacitated, to any remaining Trustee, if there are <br />any, and to the Qualified Beneficiaries. If a Trustee dies, that Trustee will cease to be a Trustee <br />as of the date of their death. <br />Trustee Removal <br />26. After the death of both of the Grantors, the Qualified Beneficiaries may, by unanimous vote of <br />all of the Qualified Beneficiaries, remove a Trustee for any reason or for no reason at the sole <br />discretion of the Qualified Beneficiaries. <br />27. At any time after the death of or during the incapacity of both of the Grantors, a Trustee or a <br />Beneficiary may apply to a court of competent jurisdiction to remove a Trustee. A Trustee may <br />also be removed by the court on the court's own initiative. <br />Trustee Replacement <br />28. At any time where a Grantor is alive and not incapacitated and where a Trustee has been <br />removed, died, resigned or is no longer able to act as Trustee for any reason, a replacement <br />Trustee may be appointed by those Grantors that are alive and not incapacitated. <br />29. Where the Grantors are dead or incapacitated, and where a Trustee has been removed, died, <br />resigned or is no longer able to act as Trustee for any reason, and where a replacement Trustee is <br />deemed necessary by the remaining acting Trustee, a replacement Trustee may be appointed by a <br />majority vote of all acting Trustees still able and authorized to act. <br />30. Where the Grantors are dead or incapacitated, and where the Living Trust is left with no Trustee, <br />a replacement Trustee may be appointed by a unanimous vote of the Qualified Beneficiaries. <br />Trustee Powers <br />31. Powers granted to an acting Trustee of this Living Trust include, but are not limited to, the <br />following: <br />
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