Legal Question in Wills and Trusts in Texas

Can a majority of beneficiaries elect to dissolve a Trust set up in Texas as a Living Trust and Grantor passed away a year ago.


Asked on 6/09/14, 3:11 pm

1 Answer from Attorneys

Arthur Geffen Arthur H. Geffen, P.C.

Standard Answer- it depends. Typically Living Trust is revocable until the Grantor dies and then it becomes irrevocable. Most trusts (not all) have remaindermen who are beneficiaries beyond the named beneficiaries. In order to protect yourself from claims from remanderman, you should seek counsel and probably go to court to seek an order authorizing you to terminate the trust and distribute the assets.

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Answered on 6/10/14, 8:39 am


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