Terminate a revocable trust

Bobbi · Nov 7th, 2007, 03:04 PM

Hi, I set up a revocable trust many years back and now I don't need it and have taken out all assets. Is terminating the trust as simple as writing a note to that effect and then tearing up the trust document?
Thanks for any help

Nov 7th, 2007, 03:18 PM

The trust itself should describe the procedure for termination. Check the doc closely as a first step.

Bobbi · Nov 7th, 2007, 04:42 PM

Thanks and you're right of course. it says it's revocable only by written instrument executed by the Grantor and Initial Trustee with all of the same formalities as accompanied by the execution of this instrument.

Since I'm both Grantor and Initial Trustee, does that mean that I have to get two other witnesses (like the trust has) and just write something about how it's revoked now?

Sorry to be so dense but I think you've already basically answered my question!

Nov 7th, 2007, 03:04 PM	#1
Bobbi Junior Member Last Online: Nov 8th, 2007 02:56 AM Join Date: Nov 2007 Posts: 2	Terminate a revocable trust Hi, I set up a revocable trust many years back and now I don't need it and have taken out all assets. Is terminating the trust as simple as writing a note to that effect and then tearing up the trust document? Thanks for any help

Nov 7th, 2007, 03:18 PM	#2
Unregistered Posts: n/a	Re: Terminate a revocable trust The trust itself should describe the procedure for termination. Check the doc closely as a first step.

Nov 7th, 2007, 04:42 PM	#3
Bobbi Junior Member Last Online: Nov 8th, 2007 02:56 AM Join Date: Nov 2007 Posts: 2	Re: Terminate a revocable trust Thanks and you're right of course. it says it's revocable only by written instrument executed by the Grantor and Initial Trustee with all of the same formalities as accompanied by the execution of this instrument. Since I'm both Grantor and Initial Trustee, does that mean that I have to get two other witnesses (like the trust has) and just write something about how it's revoked now? Sorry to be so dense but I think you've already basically answered my question!

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