Terminating the Revocable Living Trust

Most of our attention is spent focused on the creation and maintenance of our revocable living trust.

But what happens after we die? How does the trust carry out its terms and end?

Basically, the process of terminating a revocable living trust upon a death is the reverse of the creation of the revocable living trust.

First, the trustee will collect and value the assets held in the trust (or put into the trust after the death occurs, such as life insurance).

This is called the