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Trust Termination is a legal process that involves the dissolution of a trust. It is a complex process that requires the involvement of a variety of parties, including the trustor, the trustee, and the beneficiaries. The process involves the transfer of assets from the trustor to the beneficiaries, the termination of the trustor's fiduciary duties, and the distribution of the trust's assets. The process is often used when the trustor no longer wishes to maintain the trust, or when the trustor has passed away.
Trust Termination is a specialized area of law, and requires the expertise of a qualified attorney. There are a variety of companies that specialize in trust termination services, including law firms, trust companies, and financial advisors. These companies provide services such as asset transfer, trust administration, and legal advice. They also provide guidance on the tax implications of trust termination. Show Less Read more
