Law Office of Randy Michel
College Station, TX
979-764-2435 or
Menu Contact
View Our Practice Areas

Do you know how a trust ends?

As you go through the estate planning process, you may soon realize that creating a trust is the best way to manage property. While there are many benefits of this estate planning tool, you don't want to go down this path until you are sure that it suits your every need. Furthermore, you need to know how to create a trust, and just as importantly, when it will come to an end.

There are many ways for a trust to end. Most commonly, this happens when all the property in the trust is gone. For example, if the trust was made up of cash and stocks, the trust will end once it is paid out to a beneficiary.

A trust can also end if the grantor specifies a particular condition. For example, some people specify that a trust ends when a child turns 18. At that point, he or she receives all the assets in the trust.

If there is still property in the trust, even after it ends, the trustee will communicate with the beneficiary as to how the remaining property will be distributed.

There are many benefits of creating a trust; however, this is not the right choice for everybody. When it comes time for estate planning, this is a strategy to consider.

If you want to create a trust, you should first have an idea of what will happen down the line. This includes how the trust will end. The right knowledge will allow you to make the right decisions regarding what is best for your assets and family.

Source: FindLaw, "How Does a Trust End?," accessed Oct. 12, 2015

No Comments

Leave a comment
Comment Information

Our Location

Law Office of Randy Michel
232 Southwest Parkway East
College Station, TX 77840

Phone: 979-314-2965
Phone: 979-764-2435
Fax: 979-764-2436
Map & Directions

EMAIL US FOR A RESPONSE

How Can We Help?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close