CA SB202

Raises the trust principal threshold for trustee authority to terminate a trust without court petition from $20,000 to $40,000.

Expands beneficiary rights to receive trust information on reasonable request, including trust terms, and allows courts to compel trustees to account if material breach is reasonably likely, even if waived.

Requires trustees to provide copies of irrevocable trust terms to beneficiaries and heirs upon request, and to notify beneficiaries and heirs within 60 days when a revocable trust becomes irrevocable or when a trustee changes.

Voids as against public policy any settlor waiver of trustee obligations to provide trust terms or requested information to beneficiaries.

Authorizes courts to remove professional fiduciaries who fail to maintain valid, unexpired, unsuspended licenses and allows beneficiaries to petition courts to compel trustees to provide information if trustees fail to respond within 60 days of written request.