Many estate plans include trusts that take effect after death. With any type of trust, it’s up to the trustee to make decisions on distributions to the trust beneficiaries–the loved ones you want to provide for.
However, some trust beneficiaries will quarrel with their trustees. Often, the problems result from poor chemistry between the trustee and the beneficiary.
If you don’t want your trust beneficiaries to be locked in to a trustee, you can specifically give them replacement powers when you create a trust. These replacement provisions may contain certain requirements. They might state, for example, that the replacement trustee must be a bank with so many million dollars of capital and surplus, or a corporate trustee in a certain state.
Without such a power, your loved ones might be locked in to a situation you did not intend. With some removal powers, your beneficiary may receive more attentive service from a trustee, who’ll know that a replacement is possible.