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You’ll have to balance up the cost, the value of the tree (sentimental or otherwise), and the risk factors. An experienced arborist will help you understand whether transplanting is likely to be successful. The cost and hassle of transplanting a large, well-established tree are often not worth it, especially if the species is fast-growing and easy to source. The decision depends on the age and species of the tree, the conditions in the new site location, and how careful the company is when digging out and moving the tree.

In most ways, palm trees are incredibly low-maintenance. They don’t need a ton of water—which is why they’re so beloved in desert regions—and they basically prune themselves. But they do need an ample supply of sunlight and to be in soil that will allow for proper drainage so that their roots don’t become waterlogged and at risk of developing illnesses.

If the plant begins to wilt, develop spots, or change color, these could all be signs that your palm tree has a disease. But a few basic treatments, like pruning and applying fungicide, will usually be more than enough to return it to perfect health.

A general rule is that trees need 10 gallons of water for each inch of the tree’s diameter. For large trees, that can amount to approximately 160 gallons of water or more. Watering big trees to this extent can take quite a bit of time using a hose. For this reason, you may consider installing a soaker hose or sprinkler system to make the job easier.  

Leaving the tree stump and letting it rot is never a good idea, as this leads to insect infestations and other frustrations. Additionally, decomposing trunks are at risk for diseases that spread out to the remaining plants and trees in the yard, thus ruining your whole outdoor aesthetic. It's usually best to remove the stump at the same time you remove the tree.