I am one of six benificiaries of a trust established when my mother past away a number of years ago. Over the years the the family has seen a decline in benifit due to various reasons. The Bank that administers the trust get a percentage for fee further reducing the benifit. How difficult is it to dissolve a trust in Virginia and would it require the services of an attorney. Any help is appreciated.
1 Answer from Attorneys
Much would appear to depend upon the actual terms of the trust, the willingness
of ALL trust beneficiaries to see it dissolved, and the relevant facts regarding the manner in which the trust has been administered thus far.
The professional assistance of an attorney with experience
in trust, wills, and estates would likely be invaluable (in my opinion).