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Can a co-trustee be removed for misusing trust assets? | NC
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Q: Can a co-trustee be removed or held personally responsible for misusing trust assets? A: Yes. Under North Carolina trust law, a court can remove a co-trustee for a serious breach of trust, self-dealing, poor recordkeeping, failure to cooperate, or conduct showing the trustee cannot safely continue serving. A trustee is a fiduciary. That means the trustee must act in good faith, follow the…