Legal Question in Wills and Trusts in Virginia

Dissolving an irrevocable trust

I am the beneficiary of an irrevocable trust established by my stepfather several years ago. He died this year. Does the trust continue or can I now take ownership of the assets in the trust? Can the assets be transferred intact or must stocks, etc. be sold within the trust first?


Asked on 10/16/06, 1:16 pm

1 Answer from Attorneys
Hillary Snyder Hillary N. Snyder, Esquire

Re: Dissolving an irrevocable trust

Here is a lawyer answer for you - It depends.

It depends on what the trust document states about distribution of the assets up his death.

I would suggest that you obtain a copy of the trust if you haven't already done so. I would be happy to review the trust for you for free and if I feel at that point that you would need a lawyer, I would quote you a fee and you can chose to hire me or not. Please feel free to call me at 412.731.0865

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Answered on 10/16/06, 1:34 pm


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