How to Close a Living Trust?

Answer A living trust is a document that hands over control of your assets and estate to another person. It can be used to dictate how your assets should be handled after your death, but is also used to d... Read More »

Top Q&A For: How to Close a Living Trust

Can You Close a Living Trust Account Anytime?

When you attempt to close a living trust account, you have to contend with both your state's trust laws and also the bank's account closing procedures. A living trust account belongs to the trust e... Read More »

How to Amend a Living Trust or Change a Living Trust?

A living trust protects your assets and settles the question of who will be receiving what part of your assets after you die. Putting assets in trust can also have some tax benefits. A living, or r... Read More »

Does a beneficiary of a living trust have the right to see the trust?

A beneficiary's right to examine a revocable living trust does not exist until the trustor---the person who made the trust---dies. The beneficiary then has the right to request a copy of the trust ... Read More »

Is a living trust a testamentary trust?

A living trust is not a testamentary trust. A living trust--also known as an "inter vivos trust"--takes effect in the maker's lifetime. In contrast, a testamentary will go into effect only after th... Read More »